Ripple is playing right amid the security chase. Based on the ongoing case between the SEC (Security and Exchange Commission) and Ripple, there have been cases of mixed sentiment surrounding investors’ decisions.
Although many investors are raising their support for Ripple through amicus curiae filings, the XRP price is currently bleeding as the price volume is moving back to low potential. The bear market continues to hold ground amid these issues.
Ripple Key Levels To Watch – November 22
Following the formation of a head and shoulders pattern, the XRP price caused diplomatic fallout. The bears dissolved the price lower from the $0.53900 key zone down to the $0.33900 significant level.
Buyers increased their buying power as the price extended to $0.38400 in the key zone. The buyers couldn’t penetrate, and a decline is currently seen.
On the technical side, we anticipate a price playout down to the $0.33900 key zone. The RSI (relative strength index) plays as sellers hold influence.
XRP Key Levels
Resistance Levels: $0.53900, $0.44100
Support Levels: $0.38400, $0.33900
Total Market Capitalization: $36B
Ripple Market Capitalization: $18B
Ripple Volume: $1B
Market Rank: #7
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