#NOT市场动态
XRP November 25 Price Prediction
The article 'XRP November 25 Price Prediction' was first published on Coinpedia Financial Technology News.
Currently, Ripple's XRP price has dropped over 5%, hovering around $1.40. Most of the top ten cryptocurrencies are declining, with Bitcoin also falling below the $98,000 mark. However, XRP has recently experienced some price fluctuations, first briefly rising and then retreating. After reaching the resistance range of $1.60 to $1.70, XRP encountered a slight pullback. Here is an overview of price analysis by analyst Josh (from Crypto World):
Resistance Level:
In the past few days, XRP has faced selling pressure in the resistance range of $1.60 to $1.70. This resistance level is the target after XRP broke through the $1.30 Fibonacci level.
As expected, once XRP reached the range of $1.60 to $1.70, it struggled to continue breaking through.
If XRP can successfully break through this range and confirm it as a support level, the next major resistance level would be $2.00.
Support Level:
Currently, XRP is finding support near $1.30, which aligns with the 78.6% Fibonacci retracement level. This price point has been significant in the past, and XRP is stabilizing at this level in the short term.
However, if the price falls below $1.30, especially if the closing price is under $1.25, we may see further declines. Falling below this range could mean a pullback towards the $1.00 area, which would be the next major support level.
Summary:
Analysts state that the pullback over the past day is part of the natural cycle of the market and a healthy adjustment before further increases. The current price remains at the support level of $1.30, and as long as it stays above $1.25, the bullish outlook remains unchanged.
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