Technical Analysis for XRPUSDT for 15th November 2021
Ripple in a Bull Flag, XRP Buyers Expect a Break Out above $1.40

Past Performance of XRP
Although Ripple buyers are confident, the failure of follow-through and reversal of recent losses skews price action in favor of sellers.
Presently, XRP/USDT prices are trending inside a pennant and broadly inside the bullish run of Q3 2021.
What to Expect of XRP
Even so, in the short term, XRP buyers must push above $1. 40 and the primary resistance trend line bounding the pennant for the uptrend to be valid.
Losses below November 10 lows at around $1.10 and later the round number at $1 may cancel the outlook, drawing sellers.
Ripple Technical Analysis
Technically, this outlook holds as long as prices are within the November 10 bear candlestick . It is wide-ranging, with distinctively high trading volumes suggesting participation.
However, the trend will shift to the upside if XRP buyers flow back, forcing prices above $1. 40 in a breakout pattern above the bull flag .
Subsequently, this may drive XRP/USD to $1.90 or better in the medium term.
Sharp losses confirming last week's losses below $1.0 and, most notably, $1 will cancel the bullish forecast. In that case, Ripple prices may fall to $0.85 in a retest.
Resistance level to watch: $1.40
Support level to watch: $1.10 and $1
Disclaimer: Opinions expressed are not investment advice. Do your research.
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