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XRP Price Analysis for November 30

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Thu, 30/11/2023 - 18:00
XRP Price Analysis for November 30
Cover image via www.tradingview.com

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Sellers have come back to the game again, according to CoinStats.

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XRP chart by CoinStats

XRP/USD

The rate of XRP has fallen by 1.12% over the last day.

Image by TradingView

The rate of XRP is in the middle of the local channel, accumulating energy for a further sharp move. As most of the daily ATR has been passed, ongoing consolidation in the area of $0.60 is the more likely scenario until tomorrow.

Image by TradingView

On the daily chart, the price of XRP has once again failed to fix above the $0.61 zone.

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If today's bar closes below yesterday's low, the decline may continue to the $0.59 zone soon.

Image by TradingView

From the midterm point of view, traders should pay attention to the important zone of $0.60. If the candle closes below it, the correction may continue to the $0.55 area within a few days.

XRP is trading at $0.6038 at press time.

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