Ripple price surged recently against the USD and the BTC; signals pull back from this level. Here is the 13-19 November Ripple Technical Prediction.
13 November, AtoZForex – The Ripple XRPUSD is currently trading at $0.20 down 3.08% in weekly charts. But, it started to form a bullish trend on the daily charts. In the last 1 Month, the price surged by $ -0.06 (-23.53%) with a total volume of over $ 564.73M. The highest price, $ 0.2977, was on Monday, 16 October 2017. The lowest price, $ 0.1755, was on Thursday, 02 November 2017.
Moreover, XRPUSD is still struggling to recover in the short term. Will the Ripple continue its bullish trend this week?
13-19 November Ripple Technical Prediction
There seems to be a decent upside pullback in the Ripple price above the $0.22 last week against the USD. Further, the price declined sharply and thus struggling to cross the 0.38 % Fibo retracement level. The SMA 100 is above the SMA 200 which means the path of least resistance is an upside.
A downside from this level can be seen as the XRPUSD got overbought and the sellers are still dominating the buyers. Traders should not enter the position until the Ripple price cross the 0.38% Fibo retracement level again. The $0.20 resistance is also near the 50% Fib retracement level of the last decline from the $0.22 high to $0.18 low. Therefore, a close above the $0.20 and $0.22 resistance levels won’t be natural in the near term.
The relative strength index(14) value is 48.54 which is neutral in the weekly timeframe.
The MACD(12,26) value is 0.029 gives buying signal in weekly charts.
Moreover, according to ATR(14), the XRPUSD pair is less volatile.
The Ripple has significant support near $0.195 level and resistance at $0.222 level.
Ripple Weekly Pivot points
What’s your opinion on the 13-19 November Ripple Technical Prediction? Let us know in the comment section below.