Ripple Price Prediction for Today, November 17 – XRP Technical Analysis

Ripple Price Prediction

Ripple (XRP) is experiencing a rise with a 15.46% gain in the last 24 hours, reaching a resistance level of $1.161.

Ripple Prediction Statistics

• Current Price: $1.05
• Market Cap: $59.79 billion
• Circulating Supply: 59.93 billion
• Total Supply: 99.9 billion
• Coinmarketcap Ranking: #6

XRP's Potential

XRP has exhibited significant long-term growth, soaring by 37,126.4% from its all-time low of $0.002802 in July 2014. Despite a decline since its all-time high of $3.84 in January 2018, XRP remains a resilient asset in the cryptocurrency space.

XRP/USD Market

• Key Resistance Levels: $1.150, $1.200, $1.250
• Key Support Levels: $0.520, $0.470, $0.420

Daily Chart

XRP/USD has broken out above the $0.75 resistance level, indicating a bullish trend. The daily timeframe suggests the bulls have control, pushing prices into a higher trading range.

Resistance and Support

• $0.915: Next significant resistance level
• $1.00: Key psychological barrier

Technical Indicators

Technical indicators suggest that the trend remains strong, but a potential pullback or consolidation phase may occur before further upside movement.

XRP/BTC

Against Bitcoin, XRP is trading bullishly above the 9-day and 21-day moving averages. The bulls may encounter resistance at the upper boundary of the channel, while support remains at 800 SAT.

Analyst's Insight

Washigorira predicts an initial resistance at $1.150 and a potential breakout to previous all-time highs if the Kumo Cloud resistance is cleared.

Alternatives to Ripple

Pepe Unchained, a meme coin, has gained traction, with a presale that has raised over $35 million. The project leverages Layer 2 technology for speed and security.