XRP Price Prediction – November 27
At the time of writing, the Ripple price is trading in the positive territory, with gains of 3.18%.
XRP/USD Market
Key Levels:
Resistance levels: $0.64, $0.69, $0.74
Support levels: $0.44, $0.39, $0.34
XRP/USD is moving from $0.0.50 in a matter of hours to touch an intraday high at $0.58. While the coin has retreated to $0.52 as the daily chart reveals, the pair still retains the bullish momentum. In the short term, XRP/USD has gained more than 3.18% in the last 24 hours. The bulls, therefore, need a daily break and closure above the $0.60 resistance level to invite greater buying momentum.
What to Expect from Ripple (XRP)
Currently, XRP/USD is changing hands at the $0.55 level and the bulls are still pushing the price towards the north. On the other hand, if the price moves below the 9-day moving average and trades toward the 21-day moving average; the daily price could be dragged to the support levels of $0.44, $0.39, and $0.34.
Meanwhile, the technical indicator RSI (14) is currently making an attempt to return back into the overbought zone which may confirm the bullish trend that could take the coin to the nearest resistance level of $0.58. However, further resistance can be located at $0.64, $0.69, and $0.74 levels respectively.
Against BTC, Ripple (XRP) is demonstrating a positive sign within the channel. The trend is currently range-bound in the long-term which is yet to cross the upper boundary of the descending channel. The coin is now changing hands at 3231 SAT after witnessing some bearish movement in the last couple of days.
The resistance levels to look for are 3800 SAT, 4000 SAT, and 4200 SAT while the closest support levels can be located at 2600 SAT, 2400, SAT, and critically 2200 SAT. Meanwhile, the technical indicator RSI (14) is still moving above the 70-level, which may likely give more bullish signals for a while before leaving the overbought region.
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