Significant Movement Above $0.270 Is Expected as XRP/USD Prepare for a New Trend

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XRP Price Prediction – November 17

If Ripple’s XRP manages to climb above the $0.270, the market may fuel a bull run to $0.300 resistance level and above.

XRP/USD Market

Key Levels:

Resistance levels: $0.285, $0.300, $0.315

Support levels: $0.235, $0.230, $0.225

XRPUSD – Daily Chart

The Ripple (XRP) price is currently trading around the $0.263 support level and it may continue to decline if the buyers couldn’t hold the current market price. A few days ago, the recent downtrend pushed the price below the $0.260 support level and a new monthly low was formed near the $0.251 support level.

At the time of writing this article, XRP/USD price continues to show a strong downtrend on the chart, as well as a decreasing trend line that has served as a diagonal resistance for the market since November 7. Since then, the market couldn’t recover from the sell-off as the price action now seeks for a retest at the $0.240 resistance level before returning to support levels of $0.235, $0.230 and $0.225.

However, if Ripple’s XRP manages to climb above the $0.270, the market may fuel a bull run to $0.285, $0.300, $0.315 resistance levels and above. As of now, the bulls appeared to be stepping back into the market on a long-term outlook. Therefore, it might be so difficult for the buyers to move the market to the north until they are able to push the price above the 9-day and 21-day moving averages. The RSI (14) is moving below level 40, which shows that the market is still down.

When compared with Bitcoin, the Ripple (XRP) moves in sideways as the price trades below the 9-day and 21-day moving averages. Now, the bear appears to be stepping back in the market, and we may expect the price-drop to 2850 SAT and 2750 SAT support levels. But as at the time of writing, XRP/BTC is changing hands at 3093 SAT.

XRPBTC – Daily Chart

Nevertheless, if the buyers push the price above the current 3093 SAT, the next level of resistance is located at 3200 SAT and more resistance is found at 3270 SAT and 3370 SAT. The RSI (14) moves in the same direction as the market is indecisive for now.

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