XRP Price Prediction for November 27
XRP, the native token of Ripple, appears to be moving sideways after experiencing a notable rally in the past weeks. As of today, November 27, 2024, XRP, along with the overall cryptocurrency market, has been experiencing a price decline.
Based on recent price action, if $XRP breaches the descending trendline of the descending triangle, there is a strong possibility of a 42% upside rally in the coming days. Conversely, if XRP fails to hold the support level of $1.30 and breaches it, a 25% price drop could occur in the days ahead.
At press time, XRP is trading near $1.34 and has experienced a price decline of 4.5% in the past 24 hours. During the same period, its trading volume has dropped by 18%, indicating reduced participation from traders and investors amid a shift in market sentiment.
source: coinmarketcap. com