CandleFocus XRP Price Prediction For November 21
2024-11-21
Author: Content Editor
Ripple's XRP has experienced a three percent increase in the last 24 hours and is currently trading between $1.06 and $1.15. This bullish momentum is thought to be partly driven by rumors of SEC chair Gary Gensler's resignation and the potential appointment of a crypto-friendly replacement by President-elect Donald Trump. However, XRP's all-time high sits at $3.30, and it remains to be seen if the bulls will reach that mark before the end of the year. Technical analysis suggests that XRP is currently between a golden pocket and the 78.6% Fibonacci level on the weekly chart, with resistance starting at $1.26 and going up to $1.30. Support is found between $0.94 and $1.00. A breakout above $1.30 could drive XRP towards previous highs at $1.70 to $2, while a break below $1.08 could see a decline to around $0.91 to $0.92. Additionally, comparing XRP to Bitcoin, it is speculated that XRP may repeat a pattern seen in early 2021, potentially leading to significant gains against Bitcoin.
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