Crypto: Are Buyers Returning To XRP? Technical Analysis As Of November 14, 2024
XRP rebounds at the bottom of its consolidation and registers a performance of 50%. Let’s examine the upcoming prospects for its price.
XRP Situation
After reaching a peak of $0.93 in July 2023, XRP entered a long consolidation phase within a range roughly between $0.75 and $0.43. Recent fluctuations show that the cryptocurrency tested the lower boundary of this range, hitting a low point of $0.38. This level triggered a rebound allowing it to break through a notable resistance at $0.57, marking a new peak at $0.66. Subsequently, the cryptocurrency entered a new medium-term consolidation phase, still in the form of a range. Recently, XRP hit support at $0.50, bolstered by an important value area, before benefiting…
