Forecasted Prices for Ripple (XRP) This Week

XRP's movement remains uncertain as the market participants are undecided on the next step. In recent weeks, XRP failed to move beyond the key support level of $2, with buyers absent and sellers rapidly countering any attempts to increase the price. This indicates a weak market for XRP.

Last week, attempts by bulls to breach the $2.3 resistance were swiftly stopped, pushing the price lower and closer to the key support. If the trend continues, buyers could potentially reverse this downtrend at the $2 mark. Moreover, the daily MACD has shown a bearish cross, signaling a lack of bullish momentum and encouraging sellers to attempt to break the $2 support.

If this key level is lost, the chart could turn bearish in the short to medium term.