Ripple Price Analysis — November 22
XRP slipped below the critical $1.1000 - $1.0500 pivot area again this morning amid a sharp reversal across the broader market. This comes as the cryptocurrency market continues to trade with immense uncertainty towards the end of the month, a critical time for the market. Already, the seventh-largest cryptocurrency is on track to record a bearish November this year (an uncommon occurrence in cryptocurrency history), which could spell further declines for the token. That said, this week is critical for XRP as it needs to secure a break above the $1.1000 pivot line to, at least break even, to cancel a bearish year-end.
Meanwhile, my resistance levels are $1.1000, $1.1500, and 1.2000, and my support levels are $1.0000, $0.9500, and $0.9275.
Total Market Capitalization: $2.58 trillion
Ripple Market Capitalization: $49.3 billion
Ripple Dominance: 1.91%
Market Rank: #7
Meanwhile, my resistance levels are $1.1000, $1.1500, and 1.2000, and my support levels are $1.0000, $0.9500, and $0.9275.
Total Market Capitalization: $2.58 trillion
Ripple Market Capitalization: $49.3 billion
Ripple Dominance: 1.91%
Market Rank: #7
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