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XRP Price Analysis for November 28

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Tue, 28/11/2023 - 14:25
XRP Price Analysis for November 28
Cover image via www.tradingview.com

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Bulls are trying to get back in the game; however, some coins remain in the red zone.

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XRP/USD

The rate of XRP is almost unchanged since yesterday.

Image by TradingView

On the hourly chart, the price of XRP might have set a local resistance level of $0.6069. If buyers can hold the rate near that mark until the end of the day, the growth may continue to the $0.61 zone tomorrow.

Image by TradingView

On the daily time frame, the situation is less positive as the price remains trading near the support level of $0.5860. If the decline continues to that mark, the breakout may lead to a more profound drop to the $0.56-$0.57 area soon.

Image by TradingView

XRP is also more bearish than bullish on the daily chart against BTC. If sellers' pressure continues, there is a chance to see a test of the 0.000016 area by the end of the week.

XRP is trading at $0.6045 at press time.

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