XRP Price Forecast for November 28
XRP has been making some significant moves in the market, with a 36% surge in the past week and now aiming for the $2 mark. Key support levels are currently around $1.30, with resistance levels between $1.50 and $1.70.
On the weekly timeframe, the market for XRP is showing a clear bullish trend. The cryptocurrency has broken above important resistance levels, indicating a shift towards upward momentum. A new support level has been established at around $1.30 after a recent retest of a previous Fibonacci resistance level.
If XRP faces rejection around $1.50, short-term support can be found at $1.42 to $1.43, with further support levels between $1.36 to $1.37 and a major support zone between $1.28 and $1.30.
In terms of resistance levels, XRP is encountering strong resistance between $1.60 and $1.70, based on previous highs. Immediate resistance is at the Fibonacci level between $1.50 and $1.51, with the next resistance zone expected between $1.60 and $1.70. A breakout above this zone could propel XRP towards the next major price target of around $2.
However, it’s important to note that this breakout carries increased risk due to the limited support below the breakout point. The support level forming below the breakout has only two touchpoints, making it less reliable. Despite this, with the breakout confirmed, the technical price target for this move is around $1.77, representing a potential 20% upside from the current price level.
As of the time of writing, the price of 1 XRP token was $1.47. Looking ahead, XRP may reach a high of $2.49 or an average of $1.73 by the end of 2025. Stay tuned for more updates on the future of XRP!
