Cryptocurrency

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 <p class="paragraph">Led by the bullish action of the flagship decentralized finance (DeFi) asset and the sector’s total market capitalization increasing more than 3% over the last day, the majority of assets in the cryptocurrency industry are showing strength again, and XRP is no exception.</p>
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 <p class="paragraph">Specifically, by recently surpassing $0.70, XRP has pulled away from its previous 4-hour buy signal at $0.5147 on October 20, and its current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> action could lead it back down to $0.6251, according to the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> shared by pseudonymous crypto trading expert <em>CoinsKid</em> on November 9.</p>
 <h2 class="wp-block-heading" id="h-0-73-0-76-first">$0.73-$0.76 first?</h2>
 <p class="paragraph">Indeed, the crypto analyst expressed his expectation that the XRP token would go through a “simple micro ABC zig-zag here back down to 0.6251 (HOPIUM?)” and then take out the local high at $0.7336 through invalidation, adding that “XRP keep bouncing off the <a rel="noopener noreferrer nofollow" title="upper" href="https://thebittimes.com/tag/upper.html">upper</a> <a rel="noopener noreferrer nofollow" title="support" href="https://thebittimes.com/tag/support.html">support</a> of the buy &amp; sell like a boss.”</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/3MhPtWMRbBAqqEbB2pAy_-_fz7A0nky9wEFrpXv65Sd6Frs3dCqv6J-ITHUdwrKsuXTjH36FfvRYmWjHLmFHikm47jS6vogGZhDU3p61EqR1wf2sZkQZhdTg7Ptkncvlqy6RoKQOiu-tlc56PNp64-4" alt>
  <figcaption class="wp-element-caption"><em>XRP price action analysis and prediction. Source: </em><em>CoinsKid</em>
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 <p class="paragraph">Finally, <em>CoinsKid</em> concluded that the “first sign of weakness (BIGGER CORRECTION)” for XRP could emerge when the digital asset moves below this observed buy &amp; sell support level but also later posted a video made a few months back at $0.48, wondering if XRP could be on track for $1.31.</p>
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 <p class="paragraph">On the other hand, <em>CoinsKid </em>also shared an alternative scenario in case he is wrong about the above situation, suggesting a tap out at a higher <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> target of $0.7559 “before a bigger correction back down” to the $0.62 zone, as demonstrated on the chart.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/vLYEMN_147FffjM31XbCw1-7utVFjOT9AapTCkOtcg2It6Fi6BwwIMi0SNjZk0ZyAfz40bkMAgXh3rpb-EunFdux3uIni7nEgGKCdBTbRjL_ssPUgP-hv9p8ba4rfOEw2LMGC1NW7sgf9-jkNfau8rY" alt>
  <figcaption class="wp-element-caption"><em>XRP price action analysis and prediction. Source: </em><em>CoinsKid</em>
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 <h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP price analysis</h2>
 <p class="paragraph">At press time, XRP was trading at the price of $0.70, demonstrating an increase of 0.57% on the day, gaining 15.09% across the previous week, and adding a more significant 40.66% on its monthly chart, as per the most recent data retrieved on November 9.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/dxElVSuHgsycY_Qtn01AasX1b00zs9zpu2scc-IWzYGbiW-oQM3IyhrMIYJakLQbZTIdQR6d0fzGr4FpJdOtoPtPqRhMozYvZXCHrrZ7tjekthLNmhpZZiHwim6RJE6ZDZGg4boTsS5PSjT_NktsYsg" alt>
  <figcaption class="wp-element-caption"><em>XRP 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">Meanwhile, the recent news of a narrow window for the United States Securities and Exchange Commission (SEC) to approve all 12 spot Bitcoin (BTC) exchange-traded fund (ETF) applications has triggered optimism in the crypto industry, the capitalization of which has increased by over 3% in response, and XRP is still feeling the positive effects of Ripple’s court win against the securities regulator.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-price-prediction-as-it-bounces-off-upper-buy-and-sell-support-tbt69647.html">https://thebittimes.com/xrp-price-prediction-as-it-bounces-off-upper-buy-and-sell-support-tbt69647.html</a></p>

XRP price prediction as it bounces off upper ‘buy and sell’ support

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