Guess the XRP price on November 18
Hey, everyone, the XRP price forecast for November 18 is out, and I saw it on Coinpedia Fintech News this time.
In the past week or two, the price of XRP has been rising rapidly. Why? I heard that Gary Gensler, the head of the SEC, might leave. Many people think that this is a good thing for the XRP lawsuit, and it may give a green light to the future development of XRP.
Josh, an expert analyst at Crypto World, said that this digital currency is now trying to break through two difficulties. The first one is $1.11, which is the previous high point; the second one is $1.26, which is also the previous closing high point. Now, XRP has just stumbled at $1.26, and now this piece has become a hard bone and is not easy to chew.
If XRP can break through $1.26 in one go, the next target may be $1.59. Going up, $1.95 is also a hurdle, so we need to keep an eye on it.
Let's talk about XRP's rush to $2.
From the weekly chart, the 78.6% Fibonacci retracement level is at $1.29-1.30, close to $1.26. This is probably another big hurdle, and it's not easy for XRP to get over it.
However, if XRP can really get past $1.30, then the next target may be the previous high of $1.73, or even $1.95. However, the RSI indicator on the weekly chart has recently entered the overbought zone, which is the first time. In the past, it had to pull back at this time. Although the market is very good now and it is unlikely to fall sharply, a small pullback is still possible, so we have to be careful.
In summary, XRP is up and down in the bull market, like a roller coaster. Therefore, we have to be smart when there is a pullback, maybe it is just a short pause, and it will continue to rise later!
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