Forecast for Ripple (XRP) Value This Week

Over the past week, Ripple's XRP has experienced a 9% decline, with sellers gaining control after buyers failed to establish $2.6 as support. This downward correction has brought the price to the $2.3 support level. If selling activity amplifies, the next key support will be at $2.

The momentum indicators have also started showing a bearish trend, reflected in the daily volume. The absence of buyers has encouraged further selling, which could prolong this pullback. Three days ago, a bearish cross occurred in the daily MACD, indicating a significant momentum shift that could keep XRP bearish in the short to medium term.

This could potentially cause the price to drop further, possibly revisiting or nearing the $2 mark.