XRP price consolidates as Ripple bulls eye a 15% run-up - Aliens: AI Crypto News & Markets Updates

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XRP price consolidates as Ripple bulls eye a 15% run-up

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FX Street

Fri, Nov 26, 2021

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Aliens TLDR

XRP price is hovering above the $1.01 support level, anticipating a potential retest before an upswing originates.

In this scenario, the XRP price could attempt to retest the 50% retracement level at $1.17.

Investors can expect a bounce off this level to propel XRP price to the same level as before at $1.17.

XRP/USDT 4-hour chart While things are looking up for the remittance token, a breakdown of the $0.98 support level will create a lower low and invalidate the bullish thesis.

In this situation, market participants can expect XRP price to drop by about 6% to $0.92.

The author will not be held responsible for information that is found at the end of links posted on this page.

The author has not received compensation for writing this article, other than from FXStreet.

The author makes no representations as to the accuracy, completeness, or suitability of this information.

FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

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