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The Ripple XRP price has been on a dive ever since it tested resistance above the price level $0.5000.
Hopes that there might be a quick end to the court case with the SEC have been dashed, or at least there has been no continuing evidential news flow to support that thesis.
Nevertheless, it is necessary for us to further examine this market for possible signs of a bullish reversal. Also, we’ll consider the XRP/BTC as well.
Ripple Analysis Statistics Data:
XRP value now: $0.3883
Ripple market cap: $19.71 billion
XRP moving supply: 50.22 billion
The Total supply of XRP: 99.99 billion
XRP Coinmarketcap ranking: #7
Important Price Levels:
Resistance: $0.3900, $0.3920, $0.3940
Support: $0.3863, $0.3843, $0.3823
Ripple Price Prediction Today, November 9, 2022: XRP/USD Breaks Down a Notable Support
As mentioned earlier, the XRP/USD market has been on a long-term bearish trend. As a result, this has caused Ripple’s price action to break down some notable Fibonacci support levels.
In the current session, the Fibonacci level at 61.80 level (price $0.4000) has just broken down. Likewise, the RSI has taken a generally downward path too.
However, it appears as if the faster RSI line is taking a bend toward the slower RSI line.
This could be a signal be that buyers may be starting to dominate in the market. Therefore, traders can place a buy at the 61.80 Fibonacci level, to catch any upcoming uptrend.
Ripple Price Prediction Today, November 9, 2022: XRP/BTC Pushes Further Downwards
Price activity in the XRP/BTC market continues on its downward path.
This is taking place after the price action failed to find support at the Fibonacci level of 38.20. For now, price action seems to focus on the Fibonacci level 50 for support.
Also, the floor of the Bollinger band is flattening and this further strengthens the possibility of at least a retracement at the Fibonacci level 50. Therefore, traders can anticipate a change in price direction at or near the Fibonacci level 50.
Two tokens with much better upside than XRP
If you have grown weary of the relative stagnation in the XRP price of late, then you might want to take a look at two presale coins that are attracting interest from traders.
Join the IMPT green revolution
The first is a the IMPT token of carbon offsetting crypto project IMPT.io. The team are building an affiliate shopping program and carbon trading marketplace to make it easy for businesses and consumers to offset their carbon footprint.
Shop with the app or widget and the retailer will donate to green projects and the consumer gets carbon credits that can be burned or traded. IMPT is going to shake up the carbon trading industry – an industry that was valued at $851 billion at the end of 2021.
The presale has raised 12.5 million from eager ESG investors so far and token are going fast. Prospective investors will need to hurry as there is a price ladder for the different stages of the presale. IMPT is currently priced at $0.023.
Dash 2 Trade is a Bloomberg Terminal for crypto traders
Our second pick is the D2T token from Dash 2 Trade. This project bills itself as the Bloomberg Terminal for crypto traders, and from what we can see, it lives up to that.
At the centre of the ecosystem is a fully featured dashboard, that unifies all that a trader needs to conduct research and do due diligence on digital assets. Dash 2 Trade is bringing a professional level suite of products to the retail trader.
It includes social media sentiment analysis, indicators and actionable trading signals, as well as backtesting so you can try out your strategies before implementing them.
And when you do decide to trade, you can hook up the Dash 2 Trade auto-trading tool to your broker’s API.
In addition to all that, Dash 2 Trade is introducing to the crypto world the first automated scoring system, supplemented by human intelligence, to rate presale tokens. That is a big deal because presales is where a lot of the outsized returns in the crypto space can be captured.
To get involved in the presale you will need ETH or USDT to buy and the token is currently priced at $0.0513. Buy now before the price rises in the next stage of the presale.
Related Articles
- How to Buy Ripple (XRP) in the UK
- Ripple XRP Up 22% – SEC vs Ripple Battle Heats Up
- Ripple Price Analysis
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