Ripple Price Analysis — November 17

XRP has stumbled hard to its lowest point in November, following a marketwide crash triggered by intense profit-taking. The seventh-largest cryptocurrency fell to its prevailing support base at $1.0500, bolstered by my ascending trendline and $1.1000 - $1.0500 pivot zone yesterday. XRP has since rebounded slightly from the crash and currently trades along the multi-month trendline. That said, XRP has now entered oversold and “Fear” territories, indicating that the bearish move might not prevail. I expect to see a sideways pattern around my pivot area in the near term.

Meanwhile, my resistance levels are $1.1000, $1.1500, and 1.2000, and my support levels are $1.0500, $1.0000, and $0.9500.

Total Market Capitalization: $2.57 trillion

Ripple Market Capitalization: $50.5 billion

Ripple Dominance: 1.96%

Market Rank: #7