Forecast for Ripple (XRP) Value this Week

Ripple's digital currency, XRP, continues to correct its value after hitting $3.6 and managing to stay at key support levels of $3 and $2.7. The correction amplified as the token made lower highs and lower lows, indicating an intensified downtrend. Bearish momentum has dominated XRP over the past two weeks, as shown by the MACD and RSI indicators crossing into bearish territory.

Simultaneously, sellers have dominated the last 15 days, closing five consecutive 3-day candles in red, which is unusual given XRP's former rally. Nevertheless, this domination has caused lower lows in the volume profile, implying seller exhaustion and the potential for buyer return.