XRP Price Prediction for November 14
11/14/2024 19:37Has midterm rise of XRP started yet?
Original U.Today article
Has midterm rise of XRP started yet?
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The crypto market remains dominated by bulls, according to CoinMarketCap.
XRP/USD
The price of XRP has risen by 5.38% over the last 24 hours.
On the hourly chart, the rate of XRP is near the local resistance of $0.7048. If the growth continues, there is a chance to see a level breakout, followed by a test of the $0.71-$0.72 zone.
On the bigger time frame, traders should pay attention to the resistance of $0.7398. If bulls can hold the gained initiative and return the price to the mentioned mark, the upward move may continue to the $0.75-$0.80 range soon.
From the midterm point of view, the rate of XRP has almost touched the resistance of $0.75. At the moment, one should focus on the weekly bar's closure.
If a breakout happens, the accumulated energy might be enough for a move to the $0.80-$0.85 area.
XRP is trading at $0.7075 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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