XRP is on a trajectory towards $2.6 amid a rallying market. With key support levels at $2.3 and $2.0, and resistance eyed at $2.6 and $3, the digital currency is making significant strides.
### What to Expect from XRP’s Price This Week
The market’s resurgence has positioned XRP for new highs, with its sights set on overcoming the $2.6 resistance. Recently, the $2.3 mark was reaffirmed as a strong support, establishing a stable launching pad for further buyer-led rallies.
### Overcoming the $2.6 Barrier
Despite the buying pressure, reclaiming $2.6 as a pivotal support remains a critical step for XRP’s journey towards $3. The resistance at $2.6 halted progress back in March, yet there’s optimism for a strong enough push in the upcoming days to break through.
### Bullish Signals from MACD
The 3-day Moving Average Convergence Divergence (MACD) indicator shifted to bullish in early May, with momentum visibly picking up recently. This change underpins a potentially sustained rally, hinting at a bullish forecast with XRP possibly revisiting $3.
Ripple’s XRP is showing promising signs of a sustained rally, underpinned by bullish technical indicators and a fervent market. #XRP #CryptoUpdate #BullishTrends