Convergence

bullish

Divergence

<p>The cryptocurrency has wiped out ~80 billion from its valuation this week. This highlights a strong selling pressure within the crypto space. Following this, top tokens such as Bitcoin, Ethereum, and Ripple have recorded a notable correction in their respective portfolios.</p>
<p>Will the top cryptocurrencies regain momentum with the U.S. elections only days away? Further, will these tokens head toward a new high during the most bullish month of the year? Or will the crypto market experience a major correction due to numerous external factors?</p>
<h2 class="wp-block-heading" id="h-bitcoin-btc">Bitcoin (BTC)</h2>
<p>Despite recording a drop of ~1% in the past day and 4.65% in the past 3 days, the BTC price has maintained its value above the $70,000 level. Moreover, it has jumped 3.11% over the past week and 13.68% during the past 30 days.</p>
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfs01_pmZxRTv7Exg1nK-bDrE-IxWBjPwqeYeAQTJ2l85bD4sDQfw_TXBDjaTnMSd_1v6fdv2zqlPWau2JfMxv8uKLWrceAHoGR9OWMEEMQsppsjSu0pE6niZHPNp7GWjv9c-YZF3wtXpq-jIm0oVQqe8c?key=gOc0vSFn26NEINpzIXXzlzhX" alt="">
 <figcaption>
  TradingView: BTC/USDT
 </figcaption>
</figure>
<p>The technical indicators SMA and MACD have recorded a significant increase in their respective price chart in the 1D time frame. This indicates increased buying-and-selling pressure for the Bitcoin price in the market.</p>
<p>If the bulls regain power over the bears, this could result in the BTC price potentially breaching its upper high of $73,750.07 and achieving a new high. On the other hand, a negative action could pull the price toward its $66,000 range.</p>
<p>Also, read <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Prediction</a>!</p>
<h2 class="wp-block-heading" id="h-ethereum-eth">Ethereum (ETH)</h2>
<p>Following in the footsteps of Bitcoin, the largest altcoin by market cap, Ethereum price has recorded a similar price action by recording a negative price action this week. However, it has a YTD return of +11.63%, highlighting a long-term bullish action.</p>
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdfIhn3ujBuvWXPmc4fHDHeiZugbSAiQey-KKgJz5ppWaxHN53qNyCXPbeto9hhZlR7n-nATPJjlvTxBlindF2EGYhg9ND8c3Ia7EVpQ8kuoYySF9NIiQ-aYubHaEeCuxQuWAm_9mC1X_x2wT4ziMEEOKy2?key=gOc0vSFn26NEINpzIXXzlzhX" alt="">
 <figcaption>
  TradingView: ETH/USDT
 </figcaption>
</figure>
<p>The RSI indicator has successfully retested its neutral point in the 1D time frame. Moreover, with a bullish crossover in the EMA 50-day, this altcoin hints at a potential bullish reversal in the coming time.</p>
<p>Maintaining the price above its support level of $2,530 could set the stage for the ETH coin price to test its resistance level of $2.8k in the upcoming time. On the contrary, if the bears gain momentum, it could retest its low of $2,200.</p>
<h2 class="wp-block-heading" id="h-ripple-xrp">Ripple (XRP)</h2>
<p>Amid rising uncertainty in the market, the Ripple price has added 2.26% to its valuation in the past 24 hours with a trading volume of $1.250 billion. Moreover, it has maintained its value above the $0.52 level for a brief period, indicating a strong buying point at that level.</p>
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdQr1BmIA7jCBJAGnBulQYJmF_8fDlW8rcdsPSRMyrSLewfHrP1FAbR6G76FH9Y8C076GJyvWQBCAfDE4KdqNotqysPKFyPlgYyCoF9lU_ZkM75eTVrpDgqBQe73PHKN75sOlmg5n7juhUhEioRKWnSp6L6?key=gOc0vSFn26NEINpzIXXzlzhX" alt="">
 <figcaption>
  TradingView: XRP/USDT
 </figcaption>
</figure>
<p>The Moving Average Convergence Divergence (MACD) has displayed a neutral price trend in its XRP price chart with its averages showing a similar price action. This suggests a weak price action for the altcoin in the cryptocurrency market.</p>
<p>If the bullish sentiment intensifies, the Ripple token could breach its important resistance zone and head toward its upper high of $0.560. On the negative side, a bearish action could result in it plunging toward its low of $0.480.</p>
<p>Also, read <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP) Price Prediction</a>!</p>

Bitcoin, ETH, & XRP Price Prediction for November: Here’s What to Expect?

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