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Since Sept. 3, Ripple’s bulls have resisted the overhead resistance of $ 0.26 more than five times. After each new test, the price will fall into the limit zone.
Other times, the general resistance would be breached, but the selling pressure would push the price back into the $ 0.23 to $ 0.26 limit zone. Analysts believe a resistance level will weaken after several new tests. On November 10, the bulls broke the $ 0.26 resistance as the price reached a high of $ 0.264.
Subsequently, the upward movement was rejected. However, if the bulls eventually breach general resistance, the coin will receive a price acceleration. Cryptography is likely to hit a high of $ 0.30. On the positive side, buyers have been able to sustain the price above the SMA since November 6. On the other hand, they still have to break the general resistance as the lateral movement continues.
Ripple indicator analysis
Ripple has been in the bullish trend zone over the past week as the bulls have continued to test the overall resistance again. The price bars are above the SMAs which indicate the upward movement of the coin. XRP will resume trending if range bound levels are exceeded.
Key resistance zones: $ 0.35, $ 0.40, $ 0.45
Key Support Zones: $ 0.25, $ 0.20, $ 0.15
What’s the next move for Ripple?
General resistance continued to undergo retesting from buyers. On November 7 bullish trend; two retraced candle bodies tested the 61.8% Fibonacci retracement level. Indicates that XRP will rise to the 1.618 Fibonacci Extensions level. This is the maximum of $ 0.293.
Disclaimer. This analysis and prediction are the author’s personal opinions which are not a recommendation to buy or sell cryptocurrency and should not be seen as an endorsement by CoinIdol. Readers should do their own research before investing the funds.
