XRP is currently priced at $2.13 after a parabolic rally that saw it soar past $3.50. This sharp upside move was followed by an equally aggressive correction, suggesting the asset may be entering a consolidation phase. On the weekly timeframe, XRP is testing critical structural levels, and its next move could define the medium-term trend. Key Support and Resistance Levels XRP has established firm support at the $2.00 psychological level, which aligns with a previous breakout zone. If bears manage to push below this mark, further downside may be seen toward the $1.60–$1.50 region—an area of historical accumulation. On the flip side, immediate resistance is observed at $2.50, with a more formidable ceiling around $3.00. These levels need to be reclaimed for bullish momentum to reignite. MACD Momentum Insights The MACD indicator is now signaling a potential trend shift. The MACD line has crossed below the signal line, and the histogram has turned negative, indicating waning bullish strength. While this doesn’t confirm a full trend reversal, it does suggest caution, especially as momentum slows after a vertical rally. Bollinger Bands Analysis The Bollinger Bands are significantly expanded, reflecting heightened volatility from XRP’s recent spike. Price has retraced from the upper band and now flirts with the middle band—the 20-period moving average. A close below this line could open the door for a deeper retracement, with the lower band near $1.50 acting as the next potential support. Trend and Price Action Outlook From a trend perspective, XRP remains technically bullish on higher timeframes. However, the sharp correction points to a potential double-top or a flagging structure. Holding above $2.00 would favor a continuation pattern , whereas breaking below that could signal a deeper correction phase. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Fundamental Narrative Ripple’s legal victories and expanding institutional use cases underpin strong long-term fundamentals. Yet, the current price retracement appears to be driven by technical exhaustion and broader market uncertainty. Projected Move for the Week Over the next 7 days, XRP is expected to trade within the $1.95–$2.50 range. A decisive breakout above $2.50 could propel the price toward $3.00 again. Conversely, a break below $2.00 could attract bears toward $1.60. Traders should watch for volume shifts and MACD confirmation to gauge the breakout direction. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Weekly Price Prediction: Key Price Levels to Watch in Coming Days appeared first on Times Tabloid .
