Ripple

Nothing To Worry About XRP Price!!! This Is When It May Flip And Leap Long!

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Nov 13, 2021

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Highlights

    XRP price is yet again trending within the same consolidation following an attempt to break out from the consolidation

    The asset may continue the similar trend for another couple of days and ultimately slice through the accumulation aiming at 30% upswing

The crypto market appears to be in a dilemma as most of the assets are swinging within a narrow margin. Amid the contracted trend, Ripple’s XRP price is regaining the lost levels. And heading towards the immediate resistance at $1.2. Despite the pace being slow, yet the asset may flip out of the pattern in the upcoming weekend.

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The XRP price just rejected from a major supply zone and finding new support areas above a major broken resistance area around $1.32. The pullback could be pretty much deeper than the current levels. However, despite a notable dump, yet the bull market may not be over. As per a popular analyst, the XRP price may rebound any moment from now.

Also Read: Cardano Consolidating Again, ADA Price May Drop To $1.5 Levels Soon!

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As per the chart posted by the analyst, XRP price may experience a flip from the present levels and range high slicing through the resistance zones. Else the asset may test the lower trend line and revisit support levels around $1.11. However, a bounce through the resistance levels is fixed in either of the cases. In either of the cases, a flip from the bearish divergence is imminent.  

Considering the indicators, the RSI maintains is a trend just above the oversold area indicating a healthy accumulation. On the other hand, MACD manifest mounting buying pressure despite the trading volume being on the lower side. Currently, it’s mandatory for the XRP price to try and break the upper resistance in order to jump towards the next levels. 

Also Read: Bitcoin On the Cusp of Breakdown? Will BTC Price To Fall Below $60k?

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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