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Ripple Price Prediction Today, November 16, 2022: XRP/USD Retracing Towards $0.4000

Ripple Price Prediction Today, November 16, 2022: XRP/USD Retracing Towards $0.4000
Ripple Price Prediction Today, November 16, 2022: XRP/USD Retracing Towards $0.4000

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Ripple price action has commenced picking up moderate profits above $0.3800. Also, going by market performance if the bulls continue to retain control of price action, XRP’s price may attempt to move further upwards.

Ripple’s Forecast Statistics Data:
XRP price: is $0.3817
XRP market capitalization: $19.60 billion
Ripple circulating supply: 50.23 billion
XRP overall supply: 99.99 billion
Ripple’s Coinmarketcap ranking: #7

Important Price Marks:
Resistance: $0.3817, $0.3837, $0.3857
Support: $0.3800, $0.3780, $0.3760

Ripple Price Prediction Today, November 16, 2022: XRP Trying To Inch Upwards

With the appearance of two consecutive green price candlesticks in the XRP/USD daily market, it appears as if Buyers are exerting considerable Bullish influences. With the latest price, candle price action moves closer to staging an uptrend. This can be seen as the price candle is now touching the 9-day MA. If Buyers continue to exert buying pressure price will cross above the mentioned MA line. Consequently, this will increase bullish confidence to some extent. Additionally, the behavior of the RSI lines portrays building bullish strength as they have now taken to an upward direction Consequently, Traders can expect the price to surpass $0.4000 soon and may move upwards from there.

Ripple Price Prediction Today, November 16, 2022: XRP/BTC Appears to Have Found a Support

Even with the current bearish candlestick, price activities in the XRP/BTC appear to have found support above 0.00002257. Furthermore, price activities are now above the 9 and 22-days Moving Average curve. At this point, buying confidence in this market may have risen significantly, since this activity portrays an uptrend. Therefore traders can expect price to move upwards from here, towards 0.00002420. So, Traders can place an entry order above the wick of the last red price candle to catch the uptrend soon enough.

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