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

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  • Denys Serhiichuk
    📈 Price Predictions

    Is the selling period coming to an end for XRP holders?

XRP Price Prediction — Facing Obstacles Ahead of Growth to $0.30
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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. 

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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.

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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 make 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.

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Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls

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  • Alex Dovbnya
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    The Bitcoin price could soon touch $7,800 if bulls persist, but this move could be a short-lived one

Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls
Cover image via u.today

Popular crypto trader Wendy O recently predicted that the price of Bitcoin would "rocket up" if it managed to surge above the $7,400 level. 

Bitcoin Price
image by @CryptoWendyO

Shortly after that, the BTC price did rise above the aforementioned level, currently sitting at $7,444, according to CoinStats data

Bitcoin Price
image by coinstats.app

If the aforementioned forecast turns out to be accurate, Bitcoin traders could soon see another fakeout, which would be similar to the one that took place on Dec. 4. As reported by U.Today, BTC printed a massive green candle in less than a minute, but this unexpected pump quickly evaporated.     

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Earlier today, multiple traders predicted that Bitcoin was about to make a big move in either direction, but $7,800 seems to be the main area of interest for them. The leading cryptocurrency hasn't touch this level since Nov. 30. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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