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Bears are back in the game, according to <a href="https://u.today/ethereum-eth-price-analysis-for-november-16" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="18712bdd-d616-4736-bd24-5eec9cca37e9" src="https://u.today/sites/default/files/inline-images/top10_779.png">XRP chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
The rate of XRP has fallen by almost 6% over the last day. <img data-entity-type="file" data-entity-uuid="32bbb8d6-cb57-42a6-9824-9d58e73c50af" src="https://u.today/sites/default/files/inline-images/xrp1_112.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a>&nbsp; 
On the hourly chart, the rate of XRP might have found a local support level of $0.5906. Now, one should focus on the daily bar closure.&nbsp;
If it happens far from that mark, there is a chance to see a bounce back to the $0.61 area tomorrow. <img data-entity-type="file" data-entity-uuid="5477c3ef-f433-40b5-bc24-c00a3f4f87b3" src="https://u.today/sites/default/files/inline-images/xrp2_106.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a>&nbsp; 
On the bigger time frame, the rate of XRP is on its way to the support level of $0.5870. If the price fixes below the $0.60 zone, the accumulated energy might be enough for a breakout, followed by a blast to the $0.55 range. <img data-entity-type="file" data-entity-uuid="f90680e0-4d92-4800-91ad-ca7e926486a3" src="https://u.today/sites/default/files/inline-images/xrp3_101.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a>&nbsp; 
From the midterm point of view, the price of XRP keeps going down after a false breakout of the previous bar's peak. In this case, the nearest stop where buyers may again seize the initiative is the support of $0.5491.
XRP is trading at $0.5941 at press time.

XRP Price Analysis for November 17

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