Ripple Price Prediction for Today, November 17 – XRP Technical Analysis

On Nov 17, 2024

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The Ripple price prediction shows that XRP is rising with a gain of 15.46% over the past 24 hours as it touches the resistance level of $1.161.

Ripple Prediction Statistics Data:

Ripple price now – $1.05
Ripple market cap – $59.79 billion
Ripple circulating supply – 59.93 billion
Ripple total supply – 99.9 billion
Ripple Coinmarketcap ranking – #6

XRP’s journey highlights the potential rewards of early adoption of cryptocurrency. From its all-time low of $0.002802 in July 2014, XRP has soared by an incredible 37,126.4%, showcasing significant long-term growth despite being down 72.85% from its all-time high of $3.84 in January 2018. Recent 24-hour price activity, ranging between $1.01 and $1.18, reflects ongoing market dynamics. XRP’s price history underscores its resilience and importance in the crypto space, proving that timing and strategic investment are key in capitalizing on opportunities.

XRP/USD Market

Key Levels:

Resistance levels: $1.150, $1.200, $1.250

Support levels: $0.520, $0.470, $0.420

Ripple Price Prediction for Today, November 17 – XRP Technical Analysis

XRPUSD – Daily Chart

The daily chart for XRP/USD shows a notable bullish breakout above the $0.75 level, a key resistance-turned-support zone that has historically been a critical pivot point. This upward move follows a sustained period of consolidation between $0.65 and $0.67, where buyers consistently defended the range, establishing a firm foundation for the current rally. The daily timeframe indicates that the bulls have regained control after indecision, pushing prices into a new higher trading range.

Ripple Price Prediction: Ripple (XRP) May Break Higher

From a technical perspective, $0.915 emerges as the next significant resistance level, aligning with historical price action where XRP faced repeated rejections. Breaking this level could open the door for a retest of the $1.00 mark, representing a key psychological barrier and a milestone for bullish sentiment. The technical indicator, however, is approaching the higher level, suggesting that while the trend remains strong, a potential pullback or consolidation phase may occur before further upside movement.

Meanwhile, the Ripple price hovers around $0.894, with a strong bullish movement above the moving averages. If the bulls put more pressure, XRP/USD may cross above the channel’s upper boundary to hit the resistance levels at $1.150, $1.200, and $1.250. However, the 9-day moving average remains above the 21-day moving average. Meanwhile, the bulls may continue to dominate the market if a larger divergence to the upside is noticed.

XRP/BTC Spikes to the Upside

Against Bitcoin, the Ripple price is also trading bullishly above the 9-day and 21-day moving averages. After bottoming out around the 700 SAT a few days ago, the price began to ascend slowly, and it is currently trading around the 981 SAT. However, the Ripple price is now moving to cross above the upper boundary of the channel as the buyers dominate the market.

From above, if the bulls can push the coin above the upper boundary of the channel, traders may expect initial resistance to be located at 1115 SAT. Therefore, any further bullish movement may hit a higher resistance level at 1118 SAT and above. Alternatively, If the sellers bring the market toward the lower boundary of the channel, XRP/USD may hit critical support at 800 SAT and below. Meanwhile, the 9-day MA crosses above the 21-day MA, displaying the bullish movement.

Nonetheless, @Washigorira shared on X (formerly Twitter) that $XRP is breaking above the monthly Kijun 🔵, with a target of $1 🎯. However, caution is advised as the Kumo Cloud could present resistance at this level. 🤝 If $XRP successfully clears the cloud, it might rapidly ascend toward its previous all-time high.

#Altcoins #XRP Golden Cross! 🚀$XRP is finally breaking out from the monthly Kijun 🔵.
Next target: $1. 🎯
Caution is needed though, as the Kumo Cloud could act as resistance at this level. 🤝
Once it gets above the cloud, it’s likely to teleport to its previous ATH! pic.twitter.com/4wzaBDQmVI
— Titan of Crypto (@Washigorira) November 15, 2024

Alternatives to Ripple

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