XRP (XRPUSD) Price Forecast: November 26
The XRP market price shows potential growth amid widespread optimism as the crypto continues to make strides toward overhead resistance. The bulls are gaining strength in the XRP market. From the look of things, the coin may continue its bullish movement if buyers aggressively increase their activities in the market. The coin might climb up to the $1.545 upper resistance level and beyond, showcasing notable gains among coin traders.
Key Levels:
Resistance Levels: $1.507, $1.508, $1.509
Support Levels: $0.525, $0.524, $0.523
XRP (USD) Long-term Trend: Bullish (Daily Chart)
The XRP price shows potential growth as it experiences a jolly bullish move towards the upper channel in its long-term view. The coin price is trading above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.
The sustained bullish pressure at the $1.502 high mark in the past few days has enhanced the crypto price to show potential growth and remain firm above the supply levels in its recent high.
Today, the market price of XRP at the $1.508 high level above the moving averages as the daily chart opens implies that the price is in an uptrend, and from the way it is at the moment, it will keep growing.
Hence, there is a tendency for the coin to rise if the support level holds. This will enable buyers to take the token price up to a high of $1.545 value soon in its long-term perspective.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
Upward pressure still dominates the XRPUSD market as it shows potential growth in the medium-term outlook. The price currently trades above the moving averages, affirming its bullish trend.
The sustained bullish pressure to the $1.435 resistance level has enabled the coin price to rise above the supply levels in its recent high.
Today’s market value of XRP at a $1.508 supply value above the EMA-50 as the 4-hourly session opens affirms the presence of more buyers and shows a potential for growth in the market.
In addition, with the daily stochastic pointing upwards, we expect more bullish action if all the support holds in place. In light of this, the price of XRPUSD might jump to the $1.545 upper high level soon in its medium-term outlook.
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