XRP short-term Price Analysis: 14 November
In a development that was received well by many of its proponents, XRP’s price rose substantially on the charts over the past few days. However, with most altcoins’ price action being dictated by Bitcoin’s fortunes, XRP’s breakout was more or less expected to take place. Interestingly, while the cryptocurrency’s price was confined within a symmetrical triangle during the course of the week, over the past 24 hours, it had broken out into and established an uptrend.
(https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2020/11/14122717/download-12.png)
Source: XRP/USD, TradingView
At press time, XRP was being traded at $0.272, with the cryptocurrency having a market capitalization of $11.6 billion and a 24-hour trading volume of $2.6 billion.
Learn more about the analysis here. (https://eng.ambcrypto.com/xrp-short-term-price-analysis-14-november/)