XRP Price Prediction For November 29
Ripple’s XRP has broken through the $1.50 mark and is trading close to $1.60 at the time of writing. The price recently broke above a key resistance level and continues to rise. The altcoin has gained over 7% in the past 24 hours and is currently targeting $2. Looking at XRP on the weekly chart, the overall trend remains very bullish.
Over the past few days, XRP managed to break above the key 78.6% Fibonacci level around $1.30 and has since retested the level, turning it into support. According to crypto world analyst Josh, As long as the price remains above this support, further bullish momentum is possible. Based on the previous highs, the next major resistance area is around $1.60 to $1.70. If XRP is able to break above this resistance, we could see the price rise towards $2.
short term price action
XRP recently broke out of a symmetrical triangle pattern, suggesting a significant bullish move. However, after the breakout, the price fell back to retest the previous resistance level, which now serves as the new support level. Immediate resistance to watch is around $1.50 to $1.51. If XRP can break above this level and confirm price action, it could rise towards the previous highs of $1.59 to $1.63. On the other hand, if XRP fails to hold current support near $1.42 to $1.43, the next support level to watch is $1.36 to $1.37.
Support and resistance levels:
The ideal scenario would be for a strong price move towards the $1.77 target, but the market has lacked follow-through on recent price action. Immediate support lies at $1.42 to $1.43, with previous resistance now turning into support.
A break above $1.50 to $1.51 would push prices towards the $1.59 to $1.63 range, with the next target around $1.70. However, if XRP falls below $1.36, the bullish pattern will expire and the next support level may lie at $1.28 to $1.30.
