Yesterday, November 11, the price of Ripple (XRP) was in a bearish trend. Recently, the coin declined sharply below the $0.310 resistance level. Moreover, Ripple price declined heavily and broke many supports near the $0.295 and $0.285 levels.
On the upside, if more buyers emerge, the coin will face resistance at the $0.290 and $0.30 price levels. On the downside, the coin will find support at the $0.265 and $0.260 price levels.
On the 1-hour chart, XRPUSD price is in a bearish trend below the $0.2800 and $0.2840 resistance level. A convincing close above $0.2840 is needed for the price to move into a bullish zone. If not, there is a risk of more losses below $0.2700.
Author Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.
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