Ripple Price Analysis — November 24

XRP has slipped below the critical $1.100 - $1.0500 pivot zone, as the “bankers’ cryptocurrency” struggles to keep bears at bay amid a marketwide FUD. XRP currently trades along a descending trendline, which appears to be taking the cryptocurrency towards the $1 mark. Bulls need to resist this bearish pull and cling to the $1.100 - $1.0500 pivot zone as we head into the end of the year. Much of this bearish bias comes from the lingering SEC vs. XRP lawsuit, which has dragged on for almost a year now.

Meanwhile, my resistance levels are $1.0500, $1.1000, and 1.1500, and my support levels are $1.0000, $0.9500, and $0.9275.

Total Market Capitalization: $2.57 trillion

Ripple Market Capitalization: 48.7billion

Ripple Dominance: 1.89%

Market Rank: #7