Ripple

Ripple (XRP) price analysis, November 19, 2020. For the past week, Ripple has been making positive moves up to November 17 when it reached a high of $0.305.

Ripple (XRP) price analysis, November 17. Ripple has made positive moves soon after the November 13 breakout at the $0.26 overhead resistance.

Finally, buyers have pushed XRP above $0.26 overhead resistance after over two months of range-bound movement.

Since September 3, Ripple bulls have rested the $0.26 overhead resistance for more than five times. After each retest, the price will fall into the range-bound zone.

On November 5, XRP rebounded as price rallied above the SMAs. This rally resulted in a continuous retest of the $0.26 overhead resistance. On November 7, the bulls retested and broke the overhead resistance as the price reached a high of $0.267.

Today, Ripple bulls have broken the resistance at $0.26 after an impressive bullish run. Nonetheless, the bullish momentum must be maintained to avoid price sliding back into the range-bound zone.

On November 3, Ripple dropped to the low at $0.2275 after a prolonged downtrend. Before now, XRP has been range-bound between $0.23 and $0.26.

Yesterday, the selling pressure of Ripple persisted as bears pushed price to a low of $0.22800. Before this time, the crypto has been range-bound between $0.23 and $0.26 since September 3.

Since October 22, the Ripple downward move ended on October 30 with the formation of a candlestick with a long tail.