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XRP (XRPUSD) Buyers are Gaining Strength

Johnathon Fox
11/22/2024 | UPDATED ON: 11/22/2024

XRP (XRPUSD) Price Forecast: November 22

The XRP market is on the positive side. Buyers are gaining strength with the coin market experiencing a significant rally showing strong growth potential, aiming to outperform Bitcoin this month. This surge aligns with a broader bullish sentiment, driving substantial interest from traders. From the look of things, the coin may continue its bullish movement if buyers should aggressively increase their activities in the market. The coin might further surge to reach the $1.200 upper resistance level and beyond.

Key Levels:
Resistance Levels: $1.150, $1.151, $1.152
Support Levels: $0.486, $0.485, $0.484

XRP (USD) Long-term Trend: Bullish (Daily Chart)

The XRP buyers are gaining strength as the market shows strong growth potential aiming to outperform the Bitcoin as coin price surges in its long-term view.
XRP (XRPUSD) Buyers are Gaining Strength
The cryptocurrency is experiencing a jolly bullish move. The coin price is strongly trading above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.

The bulls’ pressure on the coin to the $1.114 supply value in the past session has sustained the coin price above the resistance trend levels and enables buyers to keep gaining strength in its recent high.

Today, the market price of XRPUSD at the $1.151 high level above the moving averages as the daily chart opens implies that the coin buyers are gaining strength, and from the way it is at the moment, it will keep growing.

Hence, maintaining above the moving average will enable the coin price to keep rising, resulting in an intraday gain for the coin buyers.

Additionally, there is a tendency for the XRP market to rise further if the support level holds. This will enable buyers to take the price up to a high of $1.200 level soon, signaling strong market opportunities as coin buyers keep gaining strength in its long-term perspective.

XRP (USD) Medium-term Trend: Bullish (4H Chart)

Upward pressure still dominates the XRPUSD market as the coin buyers keep gaining strength in the medium-term outlook. The price is close to the upper resistance above the moving averages, affirming a high bullish trend.
XRP (XRPUSD) Buyers are Gaining Strength
The sustained pressure by the bulls to the $1.107 supply value in the last session has made it possible for the XRP market to retain its bullish strength in its recent high.

Today’s market value of XRP at a $1.150 supply value above the moving averages as the 4-hourly session opens, affirms the coin buyers are gaining strength.

If the bullish momentum continues, the XRP price could reach its previous all-time high of $1.300, reflecting growing investors’ interest and momentum.

In addition, with the daily stochastic pointing upwards, we expect buyers to keep gaining strength. As a result, the price of XRPUSD might jump to hit the $2.00 upper high level soon in its medium-term outlook.

Buy XRP on Longhornfx

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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