XRP Price Analysis for November 19 – U.Today


XRP Price Analysis for November 19 – U.Today


The market is trying to come back to the green zone in the second part of the trading day, according to CoinStats.

XRP chart by CoinStats

XRP/USD

XRP is an exception to the rule today, going down by 1.67%.

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Image by TradingView

On the hourly chart, the rate of XRP has marked a false breakout of the local support of $2.1180. However, most of the daily ATR has been passed, which means there are low chances of seeing sharp moves by tomorrow.

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Image by TradingView

On the longer time frame, the price of XRP is trading near the support of $2.1015. If its breakout occurs, the accumulated energy might be enough for a more profound decline to the $2 zone.

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Image by TradingView

From the midterm point of view, there are no reversal signals yet.

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If bulls lose the vital zone of $2, there is a high chance of seeing a test of the $1.60-$1.80 range soon.

XRP is trading at $2.1454 at press time.



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