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 <p class="paragraph">After XRP crossed the critical psychological level at $0.60 and continued upward, an even stronger bullish movement could be in the cards for the fifth-largest cryptocurrency by market capitalization, judging by the detailed analysis of its previous price behavior.</p>
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 <p class="paragraph">Indeed, the pseudonymous crypto market analyst <em>Cryptoinsightuk</em> observed that XRP had seen a “brilliant <a rel="noopener noreferrer nofollow" title="month" href="https://thebittimes.com/tag/month.html">month</a>ly <a rel="noopener noreferrer nofollow" title="close" href="https://thebittimes.com/tag/close.html">close</a>” above $0.59 and that its moving average convergence divergence (MACD) indicator was about to cross the 0 line, “bringing momentum back to the bulls,” the expert said on November 1.</p>
 <figure class="wp-block-image aligncenter is-resized"><img decoding="async" loading="lazy" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/4xqy2Bw_G1WftEuM9gEugtMhQ0xU5rPyMapTAU0Vk_YYXMLaaKvgGpdy0BDgnCrGcEW-qzQRUmgDB-S2o84_pY1Fk-vsSrbsNN1ntKCDQQl6xmtsvyNn6mxviKYDRdzyKDfBu5UNAbvw_78JemgcvX0" alt width="834" height="437">
  <figcaption class="wp-element-caption"><em>XRP price action analysis. Source: </em><em>Cryptoinsightuk</em>
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 <p class="paragraph">Specifically, this crypto analyst has provided a possible target range between $0.8875 and $1.3617, the levels last witnessed on the digital asset’s charts in 2021, should the indicators continue to demonstrate positive signals for the price of the XRP token.</p>
 <h2 class="wp-block-heading" id="h-is-1-69-possible">Is $1.69 possible?</h2>
 <p class="paragraph">Not only that, but the expert also explained that “the last time we had a <a rel="noopener noreferrer nofollow" title="month" href="https://thebittimes.com/tag/month.html">month</a>ly <a rel="noopener noreferrer nofollow" title="close" href="https://thebittimes.com/tag/close.html">close</a> in this price range, we went on to rally 180% in the following <a rel="noopener noreferrer nofollow" title="month" href="https://thebittimes.com/tag/month.html">month</a>,” and repeating this “would give us a price target of around $1.69 for XRP, smashing through our ‘Target Range.’”</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/frNi7csI7EgSoY1MU_3G1ePQvciq7t2hTPk8Lqpnk_fqClQyyHT2fO8W6itlKbI1Vv6oKz_XWQTljTbf07Rki97U-0LN39p-JbZeNh8j1VjASyUY-T5cfV-aHfWcG1C2soQVE0cpqIU7jLY9AY-zFQY" alt>
  <figcaption class="wp-element-caption"><em>XRP $1.69 price target. Source: </em><em>Cryptoinsightuk</em>
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 <p class="paragraph">As it happens, a similar situation did, indeed, occur in April 2021, when XRP gad climbed to the $1.60 price mark, increasing by around 180% or $1.03 in a matter of days from the previous price of $0.57, as the expert’s multi-year chart demonstrates.</p>
 <h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP price analysis</h2>
 <p class="paragraph">Meanwhile, XRP was at press time trading at the price of $0.617, which represents an increase of 2.81% in the last 24 hours, in addition to gaining 10.65% across the previous seven days and accumulating 21.21% over the past <a rel="noopener noreferrer nofollow" title="month" href="https://thebittimes.com/tag/month.html">month</a>, according to the latest data on November 2.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/yaA22vulEYg0FF-pYVJu05Bpu1PNbrE203wE-YIUaDVQKmvTpTWy5fyzNoMm-Ne3urQKnnezFGaY6C-0uG3acQ5TDaqeU0d-I0Fbb8hponigWRdJqaS7tIaRNszP1wpGR-gUudqpvVpBol1hxpUGFfs" alt>
  <figcaption class="wp-element-caption"><em>XRP 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, XRP has demonstrated particular strength over the past weeks, and positive events around it, including the United States Securities and Exchange Commission (SEC) withdrawing from the case against the top executives of the blockchain company Ripple, could contribute to it.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-blast-off-imminent-following-brilliant-monthly-close-expert-analysis-tbt68802.html">https://thebittimes.com/xrp-blast-off-imminent-following-brilliant-monthly-close-expert-analysis-tbt68802.html</a></p>

XRP blast-off imminent following ‘brilliant monthly close;’ Expert analysis

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