XRP Price Prediction for November 25
The post XRP Price Prediction For November 25 appeared first on Coinpedia Fintech News
Ripple’s XRP is currently down by more than five percent and is trading near the $1.40 levels. Majority of the top ten cryptocurrencies are trading in red and Bitcoin has also dropped below the $98k levels. XRP, however, recently experienced some price action, with a brief surge followed by a pullback. After reaching the $1.60 to $1.70 resistance zone, XRP has faced a slight pullback. Here’s a breakdown of price analysis by analyst Josh of Crypto World:
Resistance Levels:
Over the last couple of days, XRP has faced rejection at a key resistance zone, ranging between $1.60 and $1.70. This resistance level has been seen as a target after XRP broke above the $1.30 Fibonacci level.
As expected, XRP hit the $1.60 to $1.70 range and is now struggling to break through this area. If XRP can break above this level and confirm it as support, we could target $2.00 as the next major resistance zone.
Support Levels:
Currently, XRP is finding support around the $1.30 level, which aligns with the 78.6% Fibonacci retracement. This level has been significant in the past, and XRP is holding steady at this price point in the short term.
However, if the price dips below $1.30, particularly if it closes below $1.25, we could see a further drop. A break below this range could signal a pullback to around $1.00, which would be the next major support level.
Conclusion:
The analyst said that the pullback seen in the past day is part of the natural market cycle, and it is still a healthy correction before further potential upside movement. The price is holding support at $1.30, and as long as it stays above $1.25, the bullish outlook remains intact.
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