Ripple (XRP) Price Outlook: Can the Bulls Charge This Week?
XRP teeters on the edge of a breakout—or another bureaucratic slog. Here''s what traders are watching.
Key Levels to Watch
Support holds at $0.50, but whales are eyeing $0.55 like a Wall Street bonus—just out of reach until the SEC drama fades. Daily volume''s up 12% since Monday, though whether that''s accumulation or desperation depends who you ask.
Market Sentiment Split
Derivatives traders are piling into calls, while OTC desks report quiet accumulation. Classic crypto divergence—everyone''s playing a different game with the same deck.
The Regulatory Wildcard
Another week, another delay in Ripple''s never-ending legal circus. Funny how lawsuit timelines move slower than a banker''s golf swing when billions are at stake.
Bottom Line: XRP''s got the liquidity to run but needs a catalyst. Until then, it''s stuck between hopium and regulatory purgatory—the crypto version of ''waiting for Godot'' with a Bloomberg terminal.
1. Buyers Are Eager
A look at the chart shows that the resistance at $2.3 has been tested several times in the past few weeks. While sellers managed to hold back a breakout, this appears imminent if buyers continue the pressure. Once $2.3 turns into a support, then XRP has a good shot to revisit $2.6.
2. Momentum Turning Bullish
Another sign that bulls are having the upper hand right now can be seen on the momentum indicators. The daily MACD and RSI are curving up with clear higher lows. If XRP moves beyond $2.3, then higher highs are likely. While this is promising, buyers need to break $2.3 to confirm this bias.
3. MACD Bullish Cross
The daily MACD did a bullish cross today. This is a clear indication that this cryptocurrency wants to go higher. If momentum starts to pick up in the days to come, this can turn into a sustained rally that can challenge the $2.6 resistance or even $3 if sellers don’t return in force to stop it.
