XRP Price Analysis for November 17 – U.Today


XRP Price Analysis for November 17 – U.Today


Most of the top 10 coins are in the green area, however, there are some exceptions to the rule, according to CoinStats.

XRP chart by CoinStats

XRP/USD

The price of XRP has risen by 1.25% over the last 24 hours.

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Image by TradingView

The rate of XRP is in the middle of the local channel, between the support of $2.1954 and the resistance of $2.2847. 

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As none of the sides is dominating, there are low chances to expect sharp moves by tomorrow.

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Image by TradingView

On the longer time frame, the daily bar is closing bearish. If buyers cannot seize the initiative, traders may expect a further correction to the support of $2.0665 within the next few days.

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Image by TradingView

From the midterm point of view, the situation is similar. As there are no reversal signals yet, there is a high chance of seeing a test of the $2 mark soon.

XRP is trading at $2.2172 at press time.



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