CandleFocus What to Expect from XRP in November 2024: Analysts Weigh In
2024-11-01
Author: Content Editor
Ripple's XRP has struggled to close above the $0.60 level for four months, but it has managed to maintain support above a crucial level. Institutional interest in XRP has been low, with limited inflows compared to other cryptocurrencies. The CEO of TrinityPad believes that XRP could see modest growth if Ripple secures more partnerships or regulatory clarity. XRP is currently undervalued according to the MVRV ratio but has not entered the "opportunity zone" for accumulation. XRP's price has faced challenges around the $0.52 level and may remain in a narrow range unless there is a significant market shift. If bearish pressure increases, XRP could drop to $0.47, but breaching this level could lead to further price erosion.
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