Bitcoin

Resistance

Ripple‘s ecosystem altcoin XRP continues to hover around $0.59 as the price remains steady amidst the recent uptrend in the cryptocurrency market. Despite facing resistance levels ahead, crypto analysts are optimistic about a positive outcome for the altcoin in November. 
<h2 style="text-align: justify" id="strong-resistance-ahead-for-xrp-0-68-strong">Resistance Ahead for XRP: $0.68</h2> 
<a href="https://en.coin-turk.com/will-bitcoin-btc-fall-on-chain-data-reveals-the-next-move/" data-wpel-link="internal">Crypto</a> <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">analyst</a> CrediBULL Crypto warned that XRP is currently facing a significant resistance level, and failing to break this resistance could result in a major drop for the altcoin. With the recent positive momentum in the overall cryptocurrency market, XRP has witnessed an impressive 6% increase in the past week. The analyst believes that XRP is facing a crucial resistance just below $0.70 and stated: 
<blockquote> 
 If XRP can surpass the $0.68 resistance, it will be a sign of a significant rally, and breaking the resistance could lead to higher levels around $0.90. 
</blockquote> 
If the analyst’s prediction comes true and XRP rises towards $0.90, it would represent a substantial increase of over 54% based on current prices. 
<img decoding="async" class="aligncenter wp-image-272285" src="https://coin-turk.com/wp-content/uploads/2023/11/Pentoshi-Ripple-XRP-Altcoin.png" alt="" width="564" height="615"> 
Another crypto analyst, Pentoshi, previously predicted that a breakout above $0.54 could trigger a jump to the range of $0.62 to $0.63 for the altcoin. Indeed, XRP reached $0.61 in the early hours of the day before a slight correction, thus validating the analyst’s prediction. 
<h2 style="text-align: justify" id="strong-what-s-next-for-xrp-strong">What’s Next for XRP?</h2> 
CrediBULL also added that surpassing the resistance level for XRP does not necessarily imply a major downturn in price. The analyst stated that XRP could consolidate and move horizontally after this breakout. 
Market observers and experts have been anticipating a rally for XRP, with prices reaching $2 or even higher, driven by the increasing liquidity in the market and the upcoming <a href="https://en.coin-turk.com/a-famous-investor-urges-to-invest-in-bitcoin-gold-silver-and-cash-amid-concerns-over-the-fednow-service/" data-wpel-link="internal">Bitcoin</a> block reward halving expected in the second quarter of 2024. Currently, XRP is trading at $0.5879 with a 2.74% increase in the past 24 hours. The data shows that the popular altcoin has risen by 5.8% in the last 7 days and 13.76% in the last 30 days. Continue Reading: <a href="https://en.coin-turk.com/xrp-price-analysis-will-ripples-altcoin-break-resistance-at-0-68/" data-wpel-link="internal">https://en.coin-turk.com/xrp-price-analysis-will-ripples-altcoin-break-resistance-at-0-68/</a>

XRP Price Analysis: Will Ripple’s Altcoin Break Resistance at $0.68?

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