XRP Price Forecast for November 26
Ripple’s XRP is on the move today, currently trading in the green and up by over three percent. As of now, the price is hovering below $1.50 and undergoing a slight correction, nothing too drastic. Meanwhile, Bitcoin has dipped below the key $95k mark, down by more than four percent.
Key levels to watch for XRP are between $0.84 and $1.19. The current price is still above this support zone, leaving room for potential downside. However, if XRP falls back into this support range, the risk decreases, and we might see some bullish signals. But if the price drops below $0.84, a larger correction or a potential shift in the bullish trend may be on the horizon.
Analysts are keeping an eye on two main wave counts: a bullish yellow triangle pattern and a potential blue wave count. Both remain valid as long as XRP stays above $0.38. Breaking below crucial levels like the $0.28 low from June could invalidate these patterns. To gain more clarity on the blue wave count, a breakout above $2 is necessary.
Currently, XRP is at a critical resistance point, so it’s crucial to wait for confirmation before making any major decisions. Breaking above $2 could signal further upside potential, but until then, focus on managing the risk-reward balance. The correction we’re seeing now is uncertain, but the price action might form a triangle pattern or continue to consolidate before a breakout. Stay tuned for more updates on Altcoins, Crypto news, and Price Analysis.
