Ripple (XRP) Price Outlook: Bulls Attempt to Control $0.6, Here’s the Next Target
![Ripple (XRP) Price Outlook: Bulls Attempt to Control $0.6, Here’s the Next Target](https://cryptoinvestment.at/wp-content/uploads/2024/07/ripple-xrp-price-outlook-bulls-attempt-to-control-0-6-heres-the-next-target.png)
The XRP rally resumed this week, and buyers continue to dominate.
Key Support levels: $0.54
Key Resistance levels: $0.68
1. Buyers Return
XRP bounced from the 54 cents support after buyers rushed in. The price increased by over 10% since that level was tested. As long as they defend it, the bias remains bullish.
![XRPUSDT_2024-07-23_14-18-00](https://cryptopotato.com/wp-content/uploads/2024/07/XRPUSDT_2024-07-23_14-18-00.png)
2. Volume Decreases
Since XRP made a local high at almost 64 cents, the volume has been falling. While this is not a concern now, it can become one if this continues. Sellers can take advantage of any weakness and push against the key support again. A second test of this key level could be interpreted as bearish.
![XRPUSDT_2024-07-23_14-18-29](https://cryptopotato.com/wp-content/uploads/2024/07/XRPUSDT_2024-07-23_14-18-29.png)
3. Weekly MACD Remains Strong
Despite the volatility on lower timeframes, the weekly MACD provides a clear, bullish picture with higher highs on the histogram. As long as this continues, XRP can aim for new highs and even challenge the resistance at 68 cents.
![XRPUSDT_2024-07-23_14-19-06](https://cryptopotato.com/wp-content/uploads/2024/07/XRPUSDT_2024-07-23_14-19-06.png)
The post Ripple (XRP) Price Outlook: Bulls Attempt to Control $0.6, Here’s the Next Target appeared first on CryptoPotato.