XRP Price Prediction for November 12

There are no reversal signals on the market so far, according to CoinMarketCap. CoinMarketCap">

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The rate of XRP keeps rising, going up by 6.6% over the last 24 hours.TradingView">

On the hourly chart, the price of XRP is growing after a false breakout of the local support of $0.5984. If buyers can hold the gained initiative, the upward move may lead to resistance, followed by its breakout.TradingView">

On the bigger time frame, one should pay attention to the nearest level of $0.6342. If the daily bar closes near it or above, the accumulated energy might be enough for a test of the $0.66 zone soon. Such a scenario is relevant until the end of the week.TradingView">

From the midterm point of view, the price of XRP remains in the middle of a wide channel, between the support of $0.4226 and the resistance of $0.7430. As none of the sides has seized the initiative yet, ongoing sideways trading is the more likely scenario.

XRP is trading at $0.6143 at press time.