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XRP Price Analysis for November 28

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Mon, 28/11/2022 - 15:45
XRP Price Analysis for November 28
Cover image via www.tradingview.com

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The market remains red with no bullish signals yet.

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XRP/USD

XRP is one of the biggest losers today, going down by 6.66%.

XRP/USD chart by TradingView

The price of XRP started the week with a rise; however, it found an obstacle at the local resistance at $0.3840. At the moment, the rate is trading in the middle of a narrow channel.

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If buyers can return to $0.3840, traders may expect a rise tomorrow.

XRP/USD chart by TradingView

On the bigger chart, the price is trading sideways as none of the sides has seized the initiative. Further growth is possible only when bulls fix above the $0.42 zone. However, currently, it is too early to think about it as bears are not going to give up based on the high selling volume.

XRP/BTC chart by TradingView

The situation is a bit more positive on the chart against Bitcoin (BTC). The price is closer to the resistance than to the support; however, buyers need to fix above BTC 0.000024. If that happens, there is a high possibility of seeing the breakout of the mark of BTC 0.00002467.

XRP is trading at $0.3788 at press time.

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