Vince Prince’s Ripple price prediction points to a surge above $ 0. 31 marks ahead as soon as the cryptocurrency confirms the breakout and closes above the falling resistance near USD 0. 29.
The cryptocurrency watched for the 18th. November sideways movement during trading. On the afternoon of the 19th. November, the price of the cryptocurrency shot towards USD 0. 30 where a daily high of $ 0 was observed. 301. Ripple was priced at $ 0. 297 at the time of writing. The cryptocurrency is up around $ 0. 11 in the last couple of hours.
The trading couple has been around since 11. November rose above a trend line according to the graph below. Price has approached a descending trendline that has been acting as a resistance for some time. The analyst highlighted the head and shoulder pattern, believing that the price will either break above the falling resistance and continue trending above the trendline, or drop below the trendline and trade below the resistance level.
The cryptocurrency has changed on 19. November moved above the descending resistance line. If the trading pair confirms this breakout above the trendline, the price will move above USD 0. 31 marks. A bullish breakout will form here after price gains strength again above the descending resistance line by retesting here.
The price of the cryptocurrency is expected to move sideways, according to cryptanalysts. Price observed resistance in the upper Bollinger Band after riding the band during the Bollinger Band expansion.
The trading volume for XRPUSD has increased as the price has increased. There was also a downward move as the price of the cryptocurrency fell. This means that the pressure to buy the altcoin has increased. The MACD line (Moving Average Convergence Divergence) moves from the upper side towards the signal line. The histogram size decreases in the negative area. This means that the cryptocurrency has a bullish bias from now on.
The Relative Strength Index (RSI) closed at 68 which is still the neutral zone. However, the technical indicator recently saw a retreat from the overbought zone. The Commodity Channel Index closed at 132. This shows that the cryptocurrency is in overbought territory and indicates a downward trend.
The technical indicators seem to be showing mixed signs right now, and the market is pointing to a sideways move for the next day, according to the analyst.
The chart below suggests that the cryptocurrency will soon hit the entry level for a short position after seeing high resistance near USD 0. 32 marks.
According to the analyst, the price is falling towards USD 0. 22 marks and then towards $ 0. 19 levels. The chart is weak overall, according to the analyst, and correction mode for XRP will be available soon. Due to the high resistance at the top of this trade, the price can only see a limited uptrend. This idea is expected to be implemented in the next 1 to 6 weeks.
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World News – USA – Ripple Price Prediction: XRP Hits $ 0. 31 next analyst | Crypto-political
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