XRP price analysis

XRP

XRP

tickers down

$0.69

climbed above the $0.67 resistance on Nov. 6, but the bulls could not surmount the next barrier at $0.74.

XRP/USDT daily chart. Source: TradingView

That may have tempted short-term bulls to book profits, which pulled the price below $0.67 on Nov. 7. The long tail on the day’s candlestick shows that lower levels continue to attract buyers. If the price remains above $0.63, it will improve the prospects of a retest of $0.74. Above this level, the XRP/USDT pair may rise to $0.85 and then to $1.

Contrary to this assumption, if the price breaks below $0.63, it will signal that the bullish momentum has weakened. The pair could then slip to the 20-day EMA ($0.60).

#BullRun #Ledger #BTC #MagicEden #XMR $BTC $ETH $XRP