According to CryptoPotato, XRP experienced a notable 6% increase this week, bringing renewed optimism for higher price levels. The key support level is identified at $0.54, while the key resistance level stands at $0.68.
Buyers have dominated the chart this week, and the price has responded positively. If this momentum continues, the current target and resistance is at 68 cents. With the support at 54 cents confirmed last week, buyers have a clear path ahead.
Momentum indicators on the weekly timeframe show a clear bullish bias. The RSI is making higher lows, and the MACD histogram is making higher highs. Along with increasing buy volume, XRP has a strong potential to reach 68 cents in the future.
A closer look at the volume reveals that buyers have been making higher highs and have dominated the chart since July. This is a positive sign indicating that they currently control the price action. If they can break the current resistance, XRP may enter a sustained rally.
