XRP short-term Price Analysis: 21 November

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XRP short-term Price Analysis: 21 November

XRP was being traded at $0.358, with the cryptocurrency having a market capitalization of $16.1 billion and a 24-hour trading volume of $8.3 billion.



According to XRP’s 1-hour chart, the cryptocurrency was part of an ascending channel formation since 14 November. However, over the past 24-hours, it has been able to orchestrate a breakout. While in most cases an ascending channel’s breakout leads to a price correction, the strong bullish sentiment in the crypto-market thanks to Bitcoin’s journey to $19K has allowed XRP to head north. However, the crypto did face a bit of resistance around the $0.375 -level.

Learn more about the analysis here.