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   Nov 18, 2023 at 09:46 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/baa/900_900_1/xd4wjuy6vsauvnxmo8matiikaswlmr3s.jpg" width="900" height="563" alt="" title="">
 <p><strong>﻿﻿The price of the Ripple (XRP) coin is now falling after a strong rejection at recent highs. Price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</strong></p>
 <h2 id="p-style-text-align-justify-long-term-forecast-for-the-ripple-price-bearish-p"><p style="text-align: justify;">Long-term forecast for the Ripple price: bearish</p></h2>
 <p style="text-align: justify;">Ripple has been rejected twice at the resistance levels of $0.74 and $0.75. On November 13, the extended candlestick tail is a sign of significant selling pressure at high price levels.&nbsp;</p>
 <p style="text-align: justify;">The cryptocurrency price plunged sharply above the $0.64 support and continued its negative trend below the 21-day SMA. The bears have successfully broken below the 21-day simple moving average. If the negative trend continues, the altcoin will fall to the lows above the 50-day SMA. In other words, XRP is at risk of a further decline to a low of $0.56. Nonetheless, XRP/USD is worth $0.62 at the time of writing.</p>
 <h2 id="p-style-text-align-justify-xrpindicator-a-rel-noopener-noreferrer-nofollow-title-category-analysis-href-https-thebittimes-com-analysis-html-analysis-a-p"><p style="text-align: justify;">XRP&nbsp;indicator <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a></p></h2>
 <p style="text-align: justify;">The cryptocurrency is currently trading between the moving average lines. The boundary between the moving average lines will be temporary for a few days. The altcoin will fall to the lower moving average line, which is the 50-day simple moving average. When the 50-day SMA is breached, the decline will begin. The current price fluctuations will continue as long as the price remains above the 50-day SMA.</p>
 <p style="text-align: justify;"></p>
 <h3 id="p-style-text-align-justify-b-technical-indicators-b-p"><p style="text-align: justify;"><b>Technical indicators:</b></p></h3>
 <p style="text-align: justify;"><b>Key resistance levels – $0.80 and $1.00</b></p>
 <p style="text-align: justify;"><b>Key support levels – $0.40 and $0.20</b></p>
 <p style="text-align: justify;"><img width="1024" alt="XRPUSD_(Daily Chart) – Nov. 17.jpg" src="https://cdn.thebittimes.com/images/2023/11/18/5312b77547f66e92d229c4d6bfce63de.webp" height="529" title="XRPUSD_(Daily Chart) – Nov. 17, 2023"></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-xrp">What is the next move for XRP?</h2>
 <p style="text-align: justify;">XRP is losing value. The current decline could extend to a low above $0.56. The altcoin will be in the previous range bound zone, which was between $0.45 and $0.55, if the bearish momentum continues. However, if the support at $0.56 holds, the uptrend will resume.</p>
 <p style="text-align: justify;"><img width="1024" alt="XRPUSD_ (4 Hour Chart) – Nov. 17.jpg" src="https://cdn.thebittimes.com/images/2023/11/18/4740440479bb7b8d494b80dc30771a3f.webp" height="529" title="XRPUSD_ (4 Hour Chart) – Nov. 17, 2023">On November 10, the uptrend for Ripple coin ended as buyers failed to sustain the positive momentum above the $0.74 mark, as reported by Coinidol.com.</p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-coin-price-tumbles-and-falls-to-0-56-tbt70790.html">https://thebittimes.com/ripple-coin-price-tumbles-and-falls-to-0-56-tbt70790.html</a></p>

Ripple Coin Price Tumbles And Falls To $0.56

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