Ripple (XRP) Price Outlook: Can Bulls Defend $0.6 or Is a Crash Coming?

XRP’s rally seems to have stalled for now, with investors fearing another bear market.

The key support currently stands at $0.54, while resistance is seen at $0.681. XRP’s failure to break out of previous highs in recent days may provide sellers with an opportunity to re-enter the market. Currently, buyers are still struggling to maintain the price around 60 cents. A loss of this key level could trigger a deeper retracement.

The volume continues to decline compared to the previous levels, which is a potential bearish sign. If the situation persists, sellers may push XRP towards the important support level of 54 cents.

Although intraday volatility remains high, the weekly MACD shows a clear bullish trend. Buyers may re-enter the market to support the price even if XRP tests the key support level again.

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