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Ripple price

Ripple Prices inside a Bull Flag, Will XRP/USD shake Sellers and Break above $1.40?

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Ripple is a solid project and remains one of the most valuable in the cryptocurrency space, with a slot in the top-10.

Still, in the ongoing case, the court ordered the blockchain firm to submit its records relating to the marketing and sale of XRP.

The SEC, which according to observers is one of the most important litigation cases against a blockchain company that may be subsequential to the whole space, may find support.

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The lawsuit would be a precedent-setting court case that’s rightly being tracked by law experts and other regulators across the globe.

Ripple has a global reach and is operational in many regions boasting high-profile partnerships with central banks.

The SEC-Ripple Court Case and the Launch of the Ripple Liquidity Hub

Although the On-Demand Liquidity (ODL) product isn’t as adopted, payment processors are integrating them for efficient service delivery and cost reduction.

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Therefore, the outcome of the case might shake Ripple’s operations to the core.

If anything, its verdict might shape the regulatory position of cryptocurrencies in the U.S.—which, boxing in the fact that the country is influential, might cause a Domino Effect in other countries. This would either make or break cryptocurrencies, as we know.

Nonetheless, this isn’t preventing them from releasing new products and broadening their base.

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For instance, the launch of the Ripple Liquidity Hub to serve enterprises with access to a large stash of cryptocurrencies like BTC, XRP, ETH, among other coins, sets out their intention.

Ripple Price Analysis

Ripple Daily Price Chart for November 15

The Ripple price is under pressure at the time of writing. As per the XRP/USD price analysis of the daily chart, it is clear that sellers have the upper hand.

Even amid the confidence among Ripple coin holders, prices are trickling lower with decreasing volumes inside a bull flag.

Nonetheless, the uptrend is valid as long as prices are trending inside the wedge and $1.

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Technically, a close above $1.20 and $1.40—October 2021 highs—might be the building block for another leg up to $1.90—or better in the days—or weeks to come.

For this uptrend to be valid, buyers need to shake off sellers of November 1.20 and breach the primary resistance trend line. In that likelihood, the XRP price would most likely fly, aligning with buyers of Q3 2021 to $1.90.

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Ripple Price Analysis: XRP still holds above $1.02, break lower to follow today?

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  • Ripple price analysis is bearish today.
  • XRP/USD saw another lower high set overnight.
  • $1.02 support currently tested again.

Ripple price analysis is bearish today as we expect the $1.02 support to finally break after another lower high was set yesterday. Therefore, XRP/USD should set another lower high later today and continue the several-week decline.

Ripple Price Analysis: XRP still holds above $1.02, break lower to follow today? 1
Cryptocurrency heat map. Source: Coin360

The cryptocurrency market has moved with mixed results over the last 24 hours. Bitcoin gained 1.39 percent, while Ethereum lost 0.46 percent. Meanwhile, Ripple (XRP) trades with a loss of 1.82 percent, together with most of the top altcoins.

Ripple price movement in the last 24 hours: Ripple sets lower high after failing to break $1.02

XRP/USD traded in a range of $1.01 – $1.05, indicating low volatility over the last 24 hours. Trading volume has declined by 3.62 percent, totaling $3.06 billion, while the total market cap trades around $48.33 billion, ranking the coin in 7th place overall.

XRP/USD 4-hour chart: XRP prepares to test $1.02 again

On the 4-hour chart, we can see the Ripple price action pushing lower again, likely leading to a breakout this time as a clear lower high was set overnight.

Ripple Price Analysis: XRP still holds above $1.02, break lower to follow today?
XRP/USD 4-hour chart. Source: TradingView

Ripple price action has seen bearish momentum continue to dominate so far this week, despite the $1.02 mark preventing further downside. Since the last major swing high at $1.35, XRP/USD has retraced around 25 percent.

The $1.02 support was initially reached on the 18th of November, with further lower highs set over the following days, indicating bearish momentum still benign in control. On Monday, we saw the support retested, with consolidation forming since.

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However, since further lower highs are still being set, we don’t expect a reversal this week. The Ripple price should break lower later today and continue along with the overall several-week bearish trend. 

Ripple Price Analysis: Conclusion 

Ripple price analysis is bearish today as we expect the $1.02 support to finally get broken after a series of lower highs were set over the past week. Likely XRP/USD has built up enough selling pressure to set a strong lower low over the next 24 hours.

While waiting for Ripple to move further, see our articles on the Best Crypto Wallet 2021, Decred Wallet, and Ripple vs SEC.

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Ripple Price Analysis: XRP tests downside again at $1.16, reversal to follow?

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  • Ripple price analysis is bullish today.
  • XRP/USD found support at $1.16.
  • Buying pressure slowly returns.

Ripple price analysis is bullish today as a new higher low will likely be established at the $1.16 mark, leading to a reversal. Therefore, we expect XRP/USD to move back above $1.22 and continue higher from there.

Ripple Price Analysis: XRP tests downside again at $1.16, reversal to follow? 1
Cryptocurrency heat map. Source: Coin360

The cryptocurrency market traded mostly in the red over the last 24 hours. Market leaders, Bitcoin and Ethereum, declined by 1.86 and 1.55 percent, while Hex (HEX) is the top performer, with a gain of 24 percent.

Ripple price movement in the last 24 hours: Ripple reverses again after consolidating around $1.22

XRP/USD traded in a range of $1.16 – $1.24, indicating a moderate amount of volatility over the last 24 hours. Trading volume has declined by 41.84 percent and totals $4.78 billion, while the total market cap trades around $55.7 billion, ranking the coin in 7th place overall.

XRP/USD 4-hour chart: XRP looking to reverse above $1.16?

On the 4-hour chart, we can see previous resistance at $1.16 currently holding the Ripple price action from moving lower, likely resulting in a reversal later today.

Ripple Price Analysis: XRP tests downside again at $1.16, reversal to follow?
XRP/USD 4-hour chart. Source: TradingView

Ripple price action has seen strong bullish momentum over the past weeks. After a quick spike to $0.97 on the 27th of October, XRP/USD reversed and broke above the previous resistance area around $1.16.

A new swing high was set at $1.25, with the following retracement setting a strong higher low at $1.10. From there, XRP continued higher over the last weekend, moving to $1.30 at first, and spiking to $1.35 after some retracement.

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After a strong higher high was quickly set, a strong reaction lower took the Ripple price to $1.12. XRP/USD strongly rejected further downside, moving into a consolidation around $1.22 yesterday. This morning we see another test of the downside, likely resulting in a higher low set and more upside from there.

Ripple Price Analysis: Conclusion 

Ripple price analysis is bullish today as another local higher low currently gets established above $1.16. Therefore, unless we see a further drop, we assume XRP/USD will continue higher later today.

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Ripple Price Analysis: XRP retests support at $1.16, will it hold?

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  • Ripple price analysis is bearish today.
  • XRP/USD tests $1.16 support again.
  • Ripple is likely to break lower. 

Ripple price analysis is bearish today as we can expect further downside after a strong rally earlier this week. Therefore, the $1.16 support likely will break, leading XRP/USD to a deeper retracement.

Ripple Price Analysis: XRP retests support at $1.16, will it hold? 1
Cryptocurrency heat map. Source: Coin360

The cryptocurrency market traded mostly in the red as the market leaders, Bitcoin and Ethereum, tanked with a loss of 0.52 and 0.89 percent. Meanwhile, Binance Coin (BNB) moved counter to the market, with a gain of around 8.5 percent.

Ripple price movement in the last 24 hours: Ripple fails to breach $1.16, moves for another test today

XRP/USD traded in a range of $1.17 – $1.22, indicating a moderate amount of volatility over the last 24 hours. Trading volume has declined by 30.4 percent and totals $3.89 billion, while the total market capitalization trades around $55 billion, ranking the coin in 7th place overall.

XRP/USD 4-hour chart: XRP looks to test further downside?

On the 4-hour chart, we can see the Ripple price action testing the $1.16 support again with strong bearish momentum, likely leading to a break lower today.

Ripple Price Analysis: XRP retests support at $1.16, will it hold?
XRP/USD 4-hour chart. Source: TradingView

Ripple price action has seen a strong bullish momentum return over the past week. After a strong spike lower on the 27th of October, XRP/USD saw a sharp recovery and a consolidation above $1.07 at the end of October.

A strong rally on the 2nd of October followed, leading XRP/USD to $1.25 by the 4th of November. Since the previous highs were clearly broken, the overall market momentum has become increasingly more bullish. 

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However, a retracement is needed before we can see the Ripple price set further highs. Therefore, retracement is required, with the $1.16 mark likely not enough for a new higher low set. XRP/USD will probably move even deeper, with the $1.10 mark as the next target to the downside.

Ripple Price Analysis: Conclusion 

Ripple price analysis is bearish today as we expect further downside below the $1.16 support. Likely XRP/USD needs to retrace even further before more upside can be seen next week.

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