- XRP was rejected at $0.70, leading to a drop to $0.67.
- If XRP continues to fall, entries may appear between $0.62 and $0.64.
- Should the $0.62 support fail to hold, the next target for long XRP could be around $0.54.
Ripple (XRP) made an eye-catching move earlier in the week, jumping above Binance Coin (BNB) in terms of market cap. Although BNB had retained its position, XRP cemented its stay as one of the top-performing assets out of the top 10.
At press time, XRP’s value was $0.67, thanks to a 12.18% increase in the last seven days. But at the same time, the press time value was a decrease from $0.73, which the token hit on November 6.
Bulls Need to Defend the $0.62 Support
According to Cryptonary, an analyst, the rejection at the $0.70 key resistance was one of the reasons XRP’s price fell. The analyst also mentioned that the Relative Strength Index (RSI) hitting 85.53 on November 6 was also instrumental to the price reversal.
XRP's Momentum Meets a Roadblock: Is a Pullback on the Horizon?$XRP is throwing punches to break through a ceiling that's as tough as they come. But the question in the air is whether XRP can deliver a knockout blow or i…The post Ripple (XRP) Targets New Entries as Decline Continues: Analysts appeared first on Coin Edition.