XRP Price Prediction — Facing Obstacles Ahead of Growth to $0.30

Price Predictions
Tue, 11/12/2019 - 14:17
Denys Serhiichuk
Is the selling period coming to an end for XRP holders?
Cover image via www.tradingview.com

The top 10 cryptocurrencies have not changed their positions a lot over the last 24 hours. The situation is diverse as neither buyers nor sellers are dominating the market. Binance Coin (BNB) is the ’biggest’ gainer today with its price increasing by 1.34%. 

Top 10 coins by Coinstats

Even though there is plenty of fundamental news about XRP, it cannot help the coin to start the bullish trend.

  • Name: XRP

  • Ticker: XRP

  • Market Cap: $11 864 411 034

  • Price: $0,274014

  • Volume (24h): $1 340 973 027

  • Change (24h): -0.26%

The data is relevant at the press time.

XRP/USD: Any Ways to Reach $0.30 Sooner or Later?

The sell-off continued, so the likelihood of achieving the support at $0.265 increases in the nearest future.

XRP/USD chart by TradingView

On the 1H chart, XRP is moving to the oversold zone, according to the RSI indicator. The Bolinger Bands (BBs) indicator also confirms one more drop before a potential bounce. The last candle has a long wick, which usually means that buyers are too weak to start a new bullish trend.  

To sum up, XRP might get to $0.27 very soon.

XRP/USD chart by TradingView

In terms of the long-term projection, the ongoing drop might continue, but the price will not decline so much. The strong support XRP tested on Oct. 23 is at $0.2665. Thus, the level of selling volume has been slightly going down since the beginning of November. 

Latest XRP Price Predictions — Is it on the Verge of Bigger Drop in the Next Few Days?

It signals that sellers have already fixed their positions and buyers will seize their opportunity shortly. All in all, XRP will bounce off the $0.2665 area during the second part of November.

XRP is trading at $0.2752 at press time.

About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy