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XRP Price Prediction for November 27

XRP Price Prediction for November 27

CryptoNewsNetCryptoNewsNet2024/11/27 16:44
By:u.today

The correction has not lasted long, and most of the coins have come back to the green zone, according to CoinMarketCap.

XRP Price Prediction for November 27 image 0

XRP/USD

The rate of XRP has increased by 6.12% over the last day.

XRP Price Prediction for November 27 image 1

On the hourly chart, the price of XRP is closer to the resistance than to the support level. If buyers' pressure continues, growth may lead to a test of the $1.48-$1.50 area by tomorrow.

XRP Price Prediction for November 27 image 2

On the bigger time frame, the picture is quite similar, even though the rate of XRP keeps accumulating energy. Sideways trading is also confirmed by the falling volume.

If the breakout of the $1.50 level happens, the accumulated energy might be enough for a move to the $1.60 mark.

XRP Price Prediction for November 27 image 3

From the midterm point of view, none of the sides is dominating, as the price of XRP is within the previous weekly bar. If nothing changes, ongoing consolidation in the range of $1.30-$1.60 is the more likely scenario.

XRP is trading at $1.42 at press time.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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