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In the last 48 hours, <a href="https://u.today/major-xrp-developer-drops-hints-of-mastercard-integration-in-wallet-upgrade" rel="noopener noreferrer nofollow">XRP's</a> price has experienced a modest 5% drop reaching $0.6. This recovery comes despite the news that Binance settled charges with the U.S. Department of Justice for $4.3 billion, which had previously led to negative market sentiment​​.
The XRP market is at a crossroads, with the token's price encountering multiple layers of support that may dictate its near-term trajectory. A careful examination of the <a href="https://www.tradingview.com/symbols/XRPUSDT/?exchange=BINANCE" rel="noopener noreferrer nofollow">XRP/USDT daily chart</a> on Binance reveals that XRP is currently finding its footing after a period of heightened volatility. <img alt="XRP chart" data-entity-type="file" data-entity-uuid="6f6cf4f5-d8da-4720-bfc1-b6863525b046" src="https://u.today/sites/default/files/inline-images/image_265.png"><a href="https://www.tradingview.com/symbols/XRPUSDT/?exchange=BINANCE" rel="noopener noreferrer nofollow">XRP/USDT Chart by TradingView</a>
After the recent pullback, <a href="https://u.today/xrp-might-see-18-upside-if-this-pattern-buildup-is-validated-0" rel="noopener noreferrer nofollow">XRP's</a> price seems to be stabilizing above the significant support level at the $0.60 mark. This level is bolstered by the 50-day moving average (MA), which has historically acted as a dynamic support line. The proximity of the 100-day MA below it further strengthens this support zone, providing a cushion against potential downturns.
The immediate target for <a href="https://u.today/xrp-price-analysis-for-november-26" rel="noopener noreferrer nofollow">XRP</a>, should the bulls maintain control, is the $0.65 resistance level. This price point has served as a pivot in recent weeks, and a convincing break above it could open the door to $0.70, a level that has previously posed a substantial challenge to the token. Conversely, if XRP fails to uphold the current support, we could see a dip toward the more formidable base around the $0.58 region, which coincides with the 100-day MA.
Developing two price scenarios, if buying pressure picks up and volume increases, there is an opportunity for XRP to test and potentially breach the $0.65 mark, aiming for the subsequent resistance at $0.70. However, if sellers dominate and the price slips below the $0.60 support, a retest of the $0.58 level could be imminent, with a further decline potentially triggering a test of lower support levels around the $0.55 zone.

XRP Price Meets Numerous Support Levels: Here's Next Target

U_Today

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