XRP price analysis reveals a noticeable shift in momentum, signaling increased pressure from sellers as the cryptocurrency battles to maintain its key support levels.
Key Levels to Watch
Support zones: $2.3, $2
Resistance zones: $2.6, $3
Ongoing Correction Phase
After having failed to convert the $2.6 level into reliable support, XRP faced mounting selling activity that initiated a downward correction. Over the past seven days, XRP has slipped by approximately 9%, pulling back to the $2.3 level. This support level is currently holding, but should selling activity accelerate further, the token may be pushed down toward the $2 zone—its next critical line of defense.
Bearish Momentum Takes Hold
The overall direction on momentum indicators has turned negative, reinforcing the weak sentiment among buyers. Daily trading volume over the last week has been tilted heavily toward red candles, reflecting stronger pressure from sellers and a fading presence of bullish interest. This pattern suggests that the current pullback is likely to persist, and the bears may continue to dominate in the near term.
MACD Signals Further Weakness
A notable development contributing to XRP’s bearish narrative was a negative crossover seen on the daily Moving Average Convergence Divergence (MACD) just three days ago. This technical shift often signals the start of a broader short- to mid-term downtrend. If this signal holds true, the current $2.3 support level may collapse, increasing the likelihood of a revisit to the $2 range. The failure to maintain these supports could further embolden sellers, amplifying downside potential.
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