XRP/USDT Price Analysis Nov.23

[Nikko]

Ripple has broken down of the uptrend line, which shows that it is also being affected by negative sentiment. However, it remains well above its lows, which confirms its outperformance.

The moving averages have started to turn down and the RSI has dipped below 40, which suggests that the supply is outpacing demand.

The next support on the downside is $0.37185 and below that, $0.26913. The XRP/USD pair will point to a consolidation if the prices quickly scale above the uptrend line and the moving averages flatten out. For now, it is best to stay on the sidelines.

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