November 27 XRP Price Guess
The prediction for XRP's price on November 27 has made its debut on Coinpedia Fintech News.
Ripple's XRP coin, after a surge in the past few weeks, now seems to be taking a breather. As of today (November 27, 2024), XRP, like other cryptocurrencies, has seen a slight decline in price.
Some believe this is a price adjustment, while others think it's due to the escalating situation between Ukraine and Russia, which has caused the price drop.
Although most cryptocurrencies have suffered significantly, XRP has been relatively stable, maintaining the important position of $1.35. Its stability might be due to recent political developments, the possible resignation of Gary Gensler (that SEC guy), and some movements regarding ETFs.
Let's talk about technical analysis
Experts have observed that XRP on the four-hour chart seems to be forming a descending triangle, finding support around $1.30. However, on the daily chart, this coin is just oscillating within a small range. This price adjustment resembles previous instances where altcoins first formed a symmetrical triangle before rebounding by 50%.
This chart was pulled from Trading View
If this time the altcoin can break through this pattern, both traders and investors are hoping for another significant rise.
Price prediction is here
Looking at recent trends, if XRP can break the descending trend line of the descending triangle, it might rise by 42% in the next few days. However, if it cannot hold the $1.30 position and continues to decline, it could drop by 25% in the coming days.
On a positive note, this asset is still above the 200 exponential moving average (EMA) on the daily chart, indicating that the overall trend is still upward. Additionally, its relative strength index (RSI) also shows that there is room for growth in the coming days, as this value hasn’t reached 70 yet; it’s currently at 50.25.
Current price
At the time of writing this article, XRP is approximately $1.34, down 4.5% in the past 24 hours. Meanwhile, trading volume has also decreased by 18%, indicating that traders and retail investors are not very enthusiastic.
If you always miss the point and feel confused about how to operate, and want to keep up with learning, you need to meet one condition: strong initiative, act decisively, like + comment, and I will help you make big money!
