$XRP is losing momentum… but one level could change the entire picture!
In the cryptocurrency market, the calm that follows a drop may signal the start of a recovery—or simply a pause before a new wave of selling. That’s why XRP is worth watching, but not rushing into.
Data for November 8 shows XRP trading near $1.1636, after closing the November 7 session at $1.1640, compared with a November 5 close of $1.2071. This reflects continued selling pressure in recent days.
📊 Key levels to watch
Reference price: 1.1636 USDT
Nearby resistance: 1.1829 USDT
Nearby support: 1.1492 USDT
🎯 Conditional spot trade scenario
Entry: Wait for an hourly candle to close above $1.1829, followed by a successful retest of the level.
First target: $1.1995, a price level recorded during the November 5 session.
Second target: $1.2248, the high of the November 6 session.
Stop-loss: Below the confirmed retest low, after determining the actual entry point and risk percentage.
These are documented historical levels, not a guarantee that they will be reached. If the price falls below $1.1492, the likelihood of testing the November 6 low of $1.1403 may increase.
In the cryptocurrency market, the calm that follows a drop may signal the start of a recovery—or simply a pause before a new wave of selling. That’s why XRP is worth watching, but not rushing into.
Data for November 8 shows XRP trading near $1.1636, after closing the November 7 session at $1.1640, compared with a November 5 close of $1.2071. This reflects continued selling pressure in recent days.
📊 Key levels to watch
Reference price: 1.1636 USDT
Nearby resistance: 1.1829 USDT
Nearby support: 1.1492 USDT
🎯 Conditional spot trade scenario
Entry: Wait for an hourly candle to close above $1.1829, followed by a successful retest of the level.
First target: $1.1995, a price level recorded during the November 5 session.
Second target: $1.2248, the high of the November 6 session.
Stop-loss: Below the confirmed retest low, after determining the actual entry point and risk percentage.
These are documented historical levels, not a guarantee that they will be reached. If the price falls below $1.1492, the likelihood of testing the November 6 low of $1.1403 may increase.