The post Ripple News: XRP Price To Hit $1.36 By Mid-November If This Happens appeared first on Coinpedia Fintech News
As October wraps up, XRP investors are riding a wave of excitement. XRP is on a roll, reaching $0.57 with a 17% gain in two weeks, thanks to favorable developments in the Ripple vs. SEC lawsuit and a bullish market. But what’s in store for XRP this November? It’s a mystery, but past data suggests a thrilling ride.
Historical Clues?
Delving into XRP’s historical performance during November, data from CryptoRank offers captivating insights. On average, November has been a month of tremendous gains for XRP, with an astonishing 77.3% average monthly return. However, for those preferring a more cautious outlook, the median monthly return stands at -10.2%. Notably, over the past five years, only November 2020 delivered exceptional results, witnessing a remarkable 178.3% gain.
XRP’s Make or Break Scenarios For November
XRP faces two potential scenarios in the upcoming month. It could embark on a remarkable journey towards $1 per token or experience a dip to $0.52 per XRP. The cryptocurrency market’s unpredictability reminds us that while historical data offers intriguing hints, certainty remains elusive.
XRP Bulls May Lock Thier Horns at $1.36?
Adding to the excitement, cryptocurrency analyst Cryptoinsightuk forecasts a notable price surge for XRP, Ripple’s native token. They anticipate the potential breach of a significant resistance level, paving the way for a rise to $1.36 by mid-November. This optimistic outlook is grounded in the cryptocurrency’s recent performance, marked by bullish signals on the weekly timeframe.
Currently, XRP is riding the wave of positive sentiment in the crypto market, surging past the $0.55 mark. A bullish rounding bottom pattern further suggests a bounce to $0.65 is on the horizon. Yet, in the ever-unpredictable crypto landscape, it’s crucial to exercise caution. A reversal from $0.65 could entail risks, hinting at a possible
