Where Could Ripple’s XRP Price Be Headed This New Week?

Ripple’s XRP story is starting to feel very different. The focus is slowly moving away from legal uncertainty and toward real-world use.

Just days ago, the IMF confirmed Ripple’s tech is already being used in three CBDC projects. That’s a big shift, because it shows XRP isn’t just speculation anymore.

However, investors are watching the CLARITY Act closely, wondering how regulation could impact price. And on the charts, one analyst is even pointing to a possible move toward $8.30, though not without a dip first.

What the XRP Chart Is Saying Right Now

We took a look at the chart and price has clearly been in a downtrend after topping out near the $3.60 region. Since then, price has been making lower highs and slowly drifting down to where it sits now around $1.30. 

The recent price action doesn’t look like panic selling though. It feels more like the market is cooling off and waiting. The XRP price seems to be ranging in a tight formation, implying that a larger move could be brewing in the background.

There is also an evident support area at the price region of $1.20 – $1.30, where the price action tried a couple of times to break through it without success.

However, there’s no strong upward push yet. So for now, the XRP price is stuck between weak sellers and hesitant buyers, just compressing before its next move.

What the Indicators Are Saying

The indicators are not showing anything aggressive right now. The Williams %R is sitting around the middle, which simply means XRP isn’t overbought or oversold. 

The MACD looks flat with very small histogram bars, showing that momentum is weak and there’s no clear trend taking control.

Volume is also relatively low, which confirms that traders are not fully stepping in yet. Funding rates are slightly negative, hinting that more traders are leaning short. 

That can sometimes flip quickly and cause a sharp move upward if the market turns. Overall, the indicators are pointing to a quiet phase, where the market is building up for a stronger move.

Read Also: The Fear Is Real in the Bitcoin Market Right Now

XRP Price Targets This Week

Ripple’s XRP is sitting at $1.30, and this level is important because it’s acting as short-term support. If price holds here and starts to climb, the first real push could take it toward the $1.80 to $2.00 range. 

That’s where things start to get interesting again, because breaking above that area would shift momentum back to the bulls.

However, on the negative side, a fall below the $1.20 level will happen quite fast. The next target to consider will be at the $1.00 mark, and if there is more pressure from sellers, then even a fall to the $0.83 mark is possible. This level matches the expectations of analysts prior to the big breakout.

So this week really comes down to whether the XRP price can hold its ground. If it does, a slow move higher could begin. If not, we might see one more dip before anything major happens.

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