Here’s Where Ripple’s XRP Price Could Be Headed This Week

Ripple’s XRP is moving with the rest of the market, which is under pressure right now. It dropped to around $1.32 as Bitcoin pulled everything down after the failed U.S.-Iran talks.

But big investors in Korea are still putting money into Bitcoin, Ethereum, and XRP.

That usually means they’re being careful, not running away. Also, the SEC roundtable in May could clear things up long term. So even if price looks weak now, it’s not all bad.

XRP Price Action Looks Heavy but Stable

XRP is around $1.32 after falling from about $3.60. The chart keeps making lower highs and lower lows, so sellers are still in control.

But the drop has slowed down. The XRP price is now moving sideways instead of falling fast. This usually means it’s trying to settle.

The heavy selling has eased, and now both sides are waiting. If this range holds, it could be the start of a base, not another drop.

Source: Coinank

Indicators Show Weak Momentum but No Panic

The indicators are mostly neutral to slightly bearish. RSI is around the mid-40s, so there’s no clear push up or down. It’s not oversold either, which means price can still drop if sellers stay active.

MACD is flat and slightly below zero, showing weak momentum. There’s no clear signal that buyers are taking control yet.

Read Also: Why Is Toncoin (TON) Price Pumping?

Williams %R is also sitting in the middle, which shows the market is unsure. Overall, things look slow and quiet, not breaking down.

XRP Price Targets This Week

So far as XRP is concerned, should it remain at this level, then a fall below $1.25 would mean it falls to $1.10 or $1.00. 

In order for there to be an effective recovery, the XRP price would need to break through $1.50 once again.. If that happens, it could move up to $1.80. A push to $2.00 is possible, but only if the whole market turns stronger.

For now, it’s likely to just move between $1.25 and $1.50 until something shifts.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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