XRP is down 6% on the weekly chart. Where will it stop?
Ripple (XRP) Price Predictions: Analysis
Key support levels: $1
Key resistance levels: $1.3, $1.6, $2
XRP is Back at $1
Despite the best efforts from buyers, XRP has returned to the $1 support. This is the third time in the past two weeks that this cryptocurrency tested this level. This is somewhat bearish since bulls have failed to push the price away from the key support.
If seller pressure intensifies this week, then this support may eventually crack and turn into resistance. If so, buyers will most likely retreat to 80 cents, where the next major support level is found.
Momentum Remains Bearish
With clear lower highs and lower lows, XRP is in a bearish trend that is still to find a bottom. Because of this, the price has a good chance to drop lower in the coming weeks and turn $1 into resistance.
Moreover, the momentum indicators remain on the bearish side, with the 3-day RSI close to 30 points, which also indicates a bearish trend. As long as the RSI remains under 50, bears retain the upper hand.
Weekly MACD About to do a Bearish Cross
Another concerning signal can be seen on the weekly MACD. The moving averages are about to do a bearish cross. This would be the first time it happens in 2026, and if confirmed, it’s unlikely XRP will enter a recovery in the future.
Considering the above, the outlook for the second half of the year is negative, with lower lows likely. Best to wait for a bottom confirmation before considering an entry on XRP.
Source: CryptoPotato
