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.
What to Expect of XRP
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.
Subsequently, this may drive XRP/USD to $1.90 or better in the medium term.
Resistance level to watch: $1.40
Support level to watch: $1.10 and $1
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