XRP Price Prediction for November 19

11/19/2024 20:35
XRP Price Prediction for November 19

Has correction of XRP started yet?

Original U.Today article

Has correction of XRP started yet?

XRP Price Prediction for November 19

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Most of the coins remain bullish; however, there are some exceptions to the rule, according to CoinMarketCap.

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Top coins by CoinMarketCap

XRP/USD

XRP is one of the biggest losers today, falling by 3.30% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of XRP is near the local support of $1.0816. If the daily bar closes around that level, one can expect a breakout, followed by a move to the $1.07 zone.

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Image by TradingView

On the bigger time frame, none of the sides is dominating as the rate is trading within yesterday's bar. In this case, there are low chances of expecting any sharp moves. 

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SOL and BNB Price Prediction for November 18

All in all, sideways trading in the area of $1-$1.15 is the most likely scenario.

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Image by TradingView

From the midterm point of view, one should focus on the weekly candle's closure. If it happens far from its peak and with a long wick, traders may witness a correction to the $0.90-$1 range by the end of the month.

XRP is trading at $1.1030 at press time.

About the author

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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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