Prediction analysis of the price of $XRP for the coming week:

Technical Analysis

From a technical indicator perspective, the 3-day MACD turned bullish in early May, and the momentum has been rising in recent days, which is a relatively positive signal that supports XRP's continuous rise in the coming weeks, with the potential to re-touch $3. Meanwhile, previously, after XRP broke through, the $2.3 level has been confirmed as a support level, providing a certain support base for the price. However, in mid-April, after XRP broke the downward trend line, there was no bullish follow-up seen, and the 50% retracement level of $2.3 had previously halted its upward momentum. Furthermore, in the past ten days, the CMF has been below -0.05, indicating a significant capital outflow from the market. Although the stochastic RSI is moving towards the oversold area, it may not generate a considerable price rebound due to significant selling pressure.

Market Trend Analysis

Currently, the overall cryptocurrency market is on an upward trend, with XRP rising 10% in the past 24 hours. This market enthusiasm may drive XRP to continue rising. However, market participants exhibit a “wait and see” sentiment, with the number of new addresses created declining since December, and the outflows from XRP exchanges also decreasing, which may limit the extent of price increases.

In summary, the price of XRP is expected to rise in the coming week and may challenge the key resistance level of $2.6. However, if market sentiment remains cautious or new negative factors emerge, the price may hover around $2.3 or experience a certain degree of pullback. The above content is compiled from public information and does not constitute investment advice.