GoodnewsforXRPholdersasthepricemoveshigher.
KeySupportlevels:$0.54
KeyResistancelevels:$0.60,$0.68
1.PriceReclaimsKeyLevel
Aftersomehesitation,buyersmanagedtopushXRPbackabovethe54centslevel,whichisnowactingaskeysupportagain.Aslongasthepriceholdsabovethiskeylevel,XRPhasaclearwaytomovehigherandchallengetheresistanceat60centsnext.
2.BuyVolumeRemainsLow
Evenifbuyersmanagedtoscoreavictorythisweek,thevolumedoesnotshowhighconviction.SincethepricedropinlateSeptember,buyvolumehasbeenweak.IfXRPhopestochallengethe60centslevelinthefuture,bullshavetostepup.
3.MACDBullishCrossonDaily
ThedailyMACDbringsgoodnewsafterabullishcross.Thissignalsthatmomentumisshiftingtothebuysideandcouldbejustthestartofasustainedrally.Itisstillearly,butthisispromising.Atestoftheresistanceat60centswouldlikelyputbuyersbackincontroloftheprice.
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