XRP Weekly Price Analysis – November 30
In case the bulls continue to dominate the XRP/USD market, the price may soar to the resistance at $0.73, $0.79, and $0.88 levels. On the downside, the price may find support levels at $0.61, $0.55, and $0.49.
XRP/USD Market
Key Levels:
Resistance levels: $0.73, $0.79, $0.88
Support levels: $0.61, $0.55, $0.49
XRP/USD Long-term Trend: Bullish
XRP/USD is under the bulls’ pressure as the coin rallies to the resistance level of $0.79. On November 24, it inclines to test the just mentioned level but the level holds the price and it pulled back to retest the $0.44 price level. Observation made on the daily chart; the XRP price is now trying to resume the bullish trend at the $0.61 level. The resistance level of $0.73 price level is likely to revisit in the next few positive moves in case the market continues the up-surge.
The technical indicator RSI (14) moves above the 60-level indicates that the market may continue to follow the upward trend. Taking a look at the daily chart, we can see the bulls’ momentum increasing. In case the bulls continue to dominate the XRP/USD market, the price may soar to the resistance at $0.73, $0.79, and $0.88 levels. On the downside, the price may find support levels at $0.61, $0.55, and $0.49.
XRP/USD Medium-term Trend: bullish
XRP is bullish on the medium-term outlook. The coin performance is becoming higher due to a recurring bullish sentiment which has caused the market to increase greatly. In other words, the price has been inclining for the last few days. The market is currently following the uptrend and the opportunity to place a buy trade setup may be available.
The price is above the dynamic resistance levels (9-periods EMA and 21-periods EMA) coupled with the relative strength index pointing up above 50 levels indicate a further increase in price.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.