⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked stocksUnlock stocks

XRP Price Prediction for November 6

Published 2024-11-06, 10:57 a/m
XRP/USD
-

U.Today - Bulls are controlling the situation on the market, according to CoinStats.

XRP/USD

The price of XRP has risen by 3.26% since yesterday.

On the hourly chart, the rate of XRP is in the middle of the local channel, between the support of $0.5140 and the resistance of $0.5426.

As most of the daily ATP has been passed, there are low chances of any sharp moves by the end of the day.

On the bigger time frame, the picture is unclear. Even if today's bar closes bullish, the price of XRP might need more time to accumulate energy for a further move. In this case, sideways trading in the area of $0.52-$0.54 is the more likely scenario.

From the midterm point of view, none of the sides is dominating. If the weekly candle closes around the current prices, traders may witness ongoing consolidation in the range of $0.50-$0.56.

XRP is trading at $0.5315 at press time.

This content was originally published on U.Today

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.