Forecast for Ripple (XRP) Price This Week

XRP has managed to maintain a steady rate of $2, even amidst recent market instability. This stability came after the price dropped to a low of $1.9 following a market crash triggered by US action in Iran, but buyers rallied to keep it above the critical $2 support level. However, the overall momentum is still bearish, with the Moving Average Convergence Divergence (MACD) remaining low and indicating no signs of a potential reversal.

On lower timeframes, such as the 4H, the Relative Strength Index (RSI) shows XRP as oversold, leading to a bounce from $1.9 to $2. Yet, this could be temporary if sellers attempt another push to break the key support, potentially causing XRP to drop to $1.6.