This website uses cookies to ensure you get the best experience on our website

Technical Analysis for XRPUSD for 25th November 2021

Ripple Bears Rampant, XRPUSDT Hold Above $1

Past Performance of XRP

The XRP army pins its hopes on the settlement of the ongoing court case with the U.S. SEC. 

Positive as it may be, Ripple buyers are having a hard time containing rapid sellers in the daily chart. 

As visible, XRPUSDT prices are trending lower, as the deluge of selling pressure threatens to force the coin below the psychological round number at $1.

What to Expect of XRP

Over the long haul, XRP stands a chance. 

However, in the short term, sellers have the upper hand. The primary support remains at $1. 

If XRPUSDT prices melt below this critical support line, the coin may crash back towards $0.85—the 2018 highs and important support—formerly resistance. 

On the flip side, should Ripple buyers flow back, propping up the coin, gains above $1.20 and $1.30 may assuage the downtrend fears, turning the trend to favor buyers. 

Still, a convincing break above $1.40—and the current accumulation—may signal a complete turnaround that may go on to lift Ripple towards $1.90—and better.

Ripple Technical Analysis

Fissures are developing on the XRPUSDT chart on the daily chart. 

After the incredible performance in early Q3 2021, prices are understandably cooling off. 

There are lower lows, and XRP prices are stuck in a momentum sapping sideways movement. 

Risk-averse traders may take a wait-and-see approach until there is a clear trend above $1.40 or below $0.85. 

Meanwhile, aggressive traders may find reasons to fade the primary trend by doubling down on dips above $1. 

Sharp losses below $1 would cancel the prospects of higher highs in the short term, increasing the odds of a possible dip to $0.85 in a retest.

Resistance level to watch: $1.40

Support level to watch: $1

Disclaimer: Opinions expressed are not investment advice. Do your research.

For more interesting tips and facts visit our Education Centre.

Have Questions? 

We're available 24/7 to help you. You can email us, or send us a message on WhatsApp, Telegram or Messenger!

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020