Ripple (XRP) price predictions for this week

The decline of XRP will resume. Can buyers stop it?

Ripple (XRP) Price Predictions: Analysis

Basic Support Level: $1

Main resistance level: $1.4

XRP’s decline continues

After the price moved higher in both directions, the sellers seem to have gained the upper hand as they were able to protect the $1.4 resistance, which is currently preventing the bulls from regaining the initiative.

At press time, XRP is struggling to hold above $1.35 and could retest the $1.28 level, which briefly halted the downtrend last week.

Bears have initiative

By closing the last two weekly candles in red, sellers are currently in complete control of price action. This lowers the outlook and could pave the way for XRP to go down to $1. This is the most important support level on the chart.

Buyers could bounce back around $1.20, but it’s too early to tell if they’ll reverse the downtrend there, as any weakness could encourage sellers to increase their pressure.

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MACD wants to reverse

The MACD is already bullish on the daily chart and hints at potential reversals on higher timeframes, such as the 3-day pattern. The histogram is making higher lows and looks poised to move to the upside.

If the 3-day MACD breaks above the uptrend, buyers are open to regain price control and start a bearish rally. This will be confirmed if they can later turn $1.4 into key support.