The XRP rally resumed this week, and buyers continue to dominate.

Key Support levels: $0.54

Key Resistance levels: $0.68

1. Buyers Return

XRP bounced from the 54 cents support after buyers rushed in. The price increased by over 10% since that level was tested. As long as they defend it, the bias remains bullish.

Chart by TradingView

2. Volume Decreases

Since XRP made a local high at almost 64 cents, the volume has been falling. While this is not a concern now, it can become one if this continues. Sellers can take advantage of any weakness and push against the key support again. A second test of this key level could be interpreted as bearish.

Chart by TradingView

3. Weekly MACD Remains Strong

Despite the volatility on lower timeframes, the weekly MACD provides a clear, bullish picture with higher highs on the histogram. As long as this continues, XRP can aim for new highs and even challenge the resistance at 68 cents.

Chart by TradingView