XRP Price Analysis for November 21


21 Nov 2023 6:00 PM

Can XRP stay bullish against fall of other coins?...

  • The rate of XRP has declined by almost 4% since yesterday.
  • On the hourly time frame, XRP has broken the local support level of $0.6058, and if the daily bar closes below it, the decline may continue to the $0.58-$0.59 zone.
  • On the daily chart, XRP has continued to fall after yesterday's bearish closure, and if buyers lose the $0.60 zone, bears may take control and lead to a drop to the $0.55 area.
  • On the weekly time frame, there is a similar situation, and if the bar closure happens below the previous candle low, the decline will continue to the support of $0.5491.

The sentiment of the article is negative, as it discusses the decline in the rate of XRP and the possibility of further drops.

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You May Ask

What is the current rate of XRP?How much has the rate of XRP declined since yesterday?What is the potential support level for XRP if the decline continues?What is the sentiment of the article towards XRP's future performance?What are the possible consequences if buyers lose the $0.60 zone?

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