XRP Price Analysis for November 25

Buyers are trying to return to the game; however, there are some exceptions to the rule, according to CoinStats.

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XRP chart by CoinStats

XRP/USD

XRP is one of the biggest gainers today, going up by 4.54%.

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Image by TradingView

On the hourly chart, the rate of XRP is falling after breaking the local support of $2.1870. If the daily candle closes far from that mark, the decline may lead to a test of the $2.10 range soon.

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Image by TradingView

On the longer time frame, traders should focus on the nearest level of $2.3034. If its breakout happens, the accumulated energy might be enough for a price blast to the $2.50 zone. 

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This scenario is relevant until the end of the week.

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Image by TradingView

From the midterm point of view, neither buyers nor sellers are dominating at the moment. In this case, traders should pay attention to the interim zone of $2. If the weekly bar closes below it, the decline may continue up to the $1.50 area.

XRP is trading at $2.1731 at press time.

Source: https://u.today/xrp-price-analysis-for-november-25