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<img width="1946" height="1104" src="https://coingape.com/wp-content/uploads/2023/11/lASLnXvx.png" class="attachment-full size-full wp-post-image" alt="XRP price" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/11/lASLnXvx.png 1946w, https://coingape.com/wp-content/uploads/2023/11/lASLnXvx-300x170.png 300w, https://coingape.com/wp-content/uploads/2023/11/lASLnXvx-1224x694.png 1224w, https://coingape.com/wp-content/uploads/2023/11/lASLnXvx-768x436.png 768w, https://coingape.com/wp-content/uploads/2023/11/lASLnXvx-1536x871.png 1536w, https://coingape.com/wp-content/uploads/2023/11/lASLnXvx-150x85.png 150w" sizes="(max-width: 1946px) 100vw, 1946px">
XRP Price Prediction: The XRP price has been under a <a href="https://coingape.com/markets/xrp-price-prediction-as-0-6-break-set-to-extend-recovery-by-12/">strong recovery</a> after it rebounded from its October 19th low of $0.477. Within a fortnight, a surge of 31.3% in market valuation propelled the price to a peak of $0.62. This upswing also signaled the end of a two-month consolidation, as it successfully broke through the upper trendline of the triangle pattern on October 24th. As we move into November, can XRP sustain this upward momentum? 
Also Read: <a href="https://coingape.com/xrp-news-sec-new-loss-aids-ripple-in-institutional-sales-dispute/">SEC’s New Loss Aids Ripple In Institutional Sales Dispute</a> 
<h2 id="b-will-xrp-price-lose-0-6-mark-b">Will XRP Price Lose $0.6 Mark?</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The overhead supply at $0.62 mat triggers a 7% correction in XRP.</li> 
 <li style="font-weight: 400;" aria-level="1">The daily 20 day-EMA can offer initial support to the anticipated pullback</li> 
 <li style="font-weight: 400;" aria-level="1">The intraday trading volume in the XRP is $1.06 Billion, indicating a 28% loss</li> 
</ul> 
<img decoding="async" class="alignnone" src="https://s3.tradingview.com/snapshots/l/lASLnXvx.png" alt="XRP Price prediction" width="1946" height="1104">Source: Tradingview 
The ongoing rally in <a href="https://coingape.com/price/xrp/">XRP price</a> encountered significant resistance at the $0.62 mark, possibly influenced by Bitcoin price consolidation, which is presently struggling to break above the $36,000 threshold.&nbsp; 
<blockquote>
 On the daily charts, the XRP price has formed long-wick candles at this level, hinting at the likelihood of a bearish retracement. Despite this, a minor pullback could serve to restore bullish vigor, potentially setting the stage for an extended rally.&nbsp;
</blockquote> 
According to the <a href="https://coingape.com/glossary/fibonacci-retracement/">Fibonacci Retracement Tool</a>, the prospective supports are $0.59 at the 23.6% level, $0.56 at the 38.2% level, and $0.55 at the halfway mark. As long as XRP’s price remains above the 50% Fib level, the current uptrend should hold firm.&nbsp; 
Moreover, the recently concluded triangle pattern suggests that XRP could target the $0.666 mark, a nearly 9% leap from its present trading price of $0.605. 
<h2 id="b-xrp-vs-eth-vs-btc-performance-b">XRP vs ETH vs BTC Performance</h2> 
<img decoding="async" class="aligncenter size-full wp-image-163433" src="https://coingape.com/wp-content/uploads/2023/11/image_2023-11-04_21-51-05-e1699115171528.png" alt="XRP vs BTC vs ETH" width="1200" height="675">Source: Coingape| XRP Vs Ethereum Vs Bitcoin Price 
In the context of the past six months, the XRP price has shown a higher degree of volatility in comparison with the leading cryptocurrencies, Bitcoin and Ethereum. Nevertheless, the ongoing recovery has marked a period of notable appreciation for both BTC and XRP, but the Ethereum price momentum appears somewhat more subdued. 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Relative Strength Index: The daily <a href="https://coingape.com/glossary/rsi-relative-strength-index/">RSI</a> slope holding above 60%, indicating that bullish momentum is active.</li> 
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: A bullish cross of the 50-day and 100-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMAs</a> provides additional confidence for those betting on an extended rally.</li> 
</ul> 
The post <a rel="nofollow" href="https://coingape.com/markets/xrp-price-prediction-can-buyers-overcome-0-62-barrier/">XRP Price Prediction: Can Buyers Overcome $0.62 Barrier or Is a Correction Looming?</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

XRP Price Prediction: Can Buyers Overcome $0.62 Barrier or Is a Correction Looming?

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