Ripple Price Prediction for Today, November 4: XRP/USD Touches $0.50 Resistance

The Ripple price prediction is slightly bullish as the market touches the daily high of $0.50 and could push the coin upward.

Ripple Price Statistics Data:

• Ripple price now – $0.49Ripple market cap – $24.8 billion
• Ripple circulating supply – 50.2 billion
• Ripple total supply – 99.9 billion
• Ripple Coinmarketcap ranking – #6

XRP/USD Market

Key Levels:

Resistance levels: $0.60, $0.65, $0.70

Support levels: $0.40, $0.35, $0.30

XRP/USD has been trading sideways for the past few days but currently gaining around 8.35% during the negotiation today. As the daily chart reveals, the Ripple (XRP) rises after opening today’s trade at $0.45. Looking at the daily chart presently, traders can see that the bulls are attempting to step back into the market with a cross above the 9-day and 21-day moving averages, which may head toward the resistance level of $0.55.

Ripple Price Prediction: Ripple Price May Skyrocket Above $0.55

The Ripple price remains the sixth-largest cryptocurrency with a market cap of $24.8 billion. The Ripple price begins to see another slight increase in the market and it is currently trading around $0.49. In the meantime, XRP/USD may continue to follow a bullish movement to confirm the current direction of the market.

Moreover, should in case the price break toward the upper boundary of the channel, the resistance levels of $0.60, $0.65, and $0.70 could be visited. Meanwhile, for a break below the lower boundary of the channel, the Ripple price may hit the supports at $0.40 and $0.35 and if the price falls below the previous levels, another support could be located at $0.30 while the Relative Strength Index (14) moves to cross above the 60-level.

When compares with Bitcoin, the Ripple price is currently changing hands at 2343 SAT and it’s hovering within the 9-day and 21-day moving averages. Therefore, if the 21-day MA serves as the support, the Ripple price may likely face the key resistance at 2500 SAT. Meanwhile, reaching this level could aid the coin to hit the resistance level of 3000 SAT and above.

Similarly, should in case the bulls fail to push the price above the moving averages, the Ripple price may renew its downtrend and it could probably record further declines toward the lower boundary of the channel. However, any further bearish move could bring the coin to the support level of 1800 SAT and below while the signal line of the Relative Strength Index (14) crosses above the 50-level, suggesting bullish movement.

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