RIPPLE PRICE ANALYSIS & PREDICTION (November 14) –XRP Tests 8-Month High After Breakout, Now Faces Rejection

2024-11-15 10:58

As many altcoins turn red amid the current market drop, XRP remains strong and continues to trade in a green zone. However, it has seen a slight drop today but the price is still up by 7% in the past hours.

Last month saw XRP through a notable reduction as the price hit a low of $0.49 due volatility drop. This led to a serious accumulation phase and the price remained weak throughout that month.

Trading turned out more volatile this month due to rising demand and the price slowly bounced back, joining other altcoins in the latest bull run. This led to a break above the key $0.66 level and XRP charted roughly 25% gains in 11 days but temporarily lost buzz after meeting resistance at $0.74.

However, the price has retraced sharply and tested the mentioned key level a few hours ago. The bulls intercepted the drops and quickly pushed back the price to where it’s trading at $0.7.

Now that they are back in action, they must retake the current daily high before confirming more upward movement as this could lead to a massive surge in volatility. Failure to retake it could bring a pause in the rally before breaking higher.

All in all, XRP remains bullish on the daily chart. The price must drop below the previous monthly low before considering a bearish move.

XRP’s Key Level To Watch Source: Tradingview

As XRP recovers from today’s drop, the immediate resistance to watch for tests is $0.75. Flipping through this resistance level could facilitate a bigger move to the $0.855 and $0.938 resistance levels – July 2023 high.

In case of more drops, the $0.665 level is the closest support to keep in mind. If the price further dips, we may see a broader pullback into the $0.607 and $0.56 levels for support.

Key Resistance Levels: $0.75, $0.855, $0.938

Key Support Levels: $0.665, $0.607, $0.56

Spot Price: $0.7 Trend: Bullish Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: parilovv/123RF // Image Effects by Colorcinch

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 1.1164 (-0.90%)
Объем 24H $6.775b
Изменеия 24h: -1.71 %, 7d: 59.37 %
Cегодня L: $1.0851 - H: $1.132
Капитализация $63.559b Rank 6
Цена в час новости $ 0.8132 (37.28%)

xrp drop price seen slight today however

Источник: nulltx.com

xrp drop → Результатов: 126


Crypto Markets Experience Mixed Trading Session, Analysts Expect Ethereum and Litecoin to Drop in Near-Future

The crypto markets have continued to gradually drift lower following last Friday’s market surge. Most cryptocurrencies have dropped today, with Ethereum trading down marginally, and XRP dropping nearly 2% due to concerns regarding the newly announced JP Morgan crypto (JPM Coin) possibly being a competitor.

2019-2-16 02:00


Фото:

TRON (TRX) Leads the Green Recovery Momentum Together with EOS and ETH

Following the third major crypto-market dump in only three days, with TRON TRX at the helm cryptocurrencies are regaining prices returning to, at least for now, their previous positions. Third Dump in Three Days, Crypto Markets Drop Another 4% Source: coinmarketcap While partly shadowed by the great three ETH, BTC and XRP, Tron’s team is […] The post TRON (TRX) Leads the Green Recovery Momentum Together with EOS and ETH appeared first on Ethereum World News.

2019-1-15 00:02


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP достиг $1 раньше Dogecoin и Cardano

XRP ошеломил крипторынок, превысив $1, опередив Cardano (ADA) и Dogecoin (DOGE). До этого скачка криптосообщество было вовлечено в дебаты о том, какие активы среди XRP, ADA и DOGE первыми достигнут отметки $1.

XRP Crosses $1: What’s Next?

XRP has surged past the $1 threshold for the first time since December 2021. This breakthrough comes as investors closely watch the token’s trajectory, buoyed by significant legal victories and shifting regulatory sentiments.

XRP breaks $1, hits 3 year high as open interest goes above $2 billion

Ripple’s XRP has reached a three-year high, surpassing $1 as open interest in the digital asset hit an all-time peak of over $2 billion. Over the weekend, XRP briefly touched $1. 19, its highest level since 2021, before settling around $110, according to CryptoSlate’s data.

XRP price surged to $1: will Stellar Lumens XLM be next?

Ripple’s price has gone parabolic, rising for three consecutive weeks as investors respond positively to Donald Trump’s election and its potential impact on the cryptocurrency market. Ripple (XRP) token crossed the important resistance at $1 for the first time since…