Top Analyst Sees Chance Of XRP Price At 0.90 In November 2023

Top Analyst Sees Chance Of XRP Price At 0.90 In November 2023

Ripple’s native cryptocurrency XRP price continues to maintain stability around the current level of $0.59, following the recent upsurge in crypto market momentum on the upside. With the local resistance playing out in the existing price, analysts expect a positive outcome for the cryptocurrency going into November 2023.

Also Read: Bitcoin Price Prediction After Completely Invalidating The Bearish Fractal, Has Pre-Halving Rally Began?

Will XRP Break Local Resistance?

Analyst CrediBULL Crypto said that the XRP price is going through a logical level resistance and that this does not mean there could be huge drop down if the token fails to breach resistance. Rising on the overall positive momentum in recent days for crypto market, the token price rose by an impressive 7% over the last one week. The analyst believes XRP is facing resistance all the way up to just below $0.70.

“If XRP can get past the local resistance ($0.68), it is a very bullish sign and there’s a decent chance it breaks the resistance to reach highs around $0.90.”

Another analyst, Pentoshi had earlier predicted that a breakout above $0.54 could trigger a jump up to the $0.62 to $0.63 range for the token. On November 1, 2023, the token reached as high as $0.61 before making a slight correction.

Also Read: “Block Harmful US SEC Crypto Accounting Rule”: Republican Lawmakers

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Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or twitter.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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