VOT Research Desk
Between the end of September and the beginning of November, ripple pricing made a number of lower highs.
Following this weakness, the $0.466 support level collapsed, causing a 28% drop. The XRP price consequently returned to the $0.336 to $0.466 range.
The price of ripple has so far bounced 16% and is presently circling around $0.401, which is under the middle. To reverse the recent losses, this obstacle must be turned into a support floor.
In this scenario, the price of XRP might increase by 12% to $0.447. Regardless of the rebound, a failure to pass the $0.401 barrier will indicate a lack of strength among purchasers. This scenario can cause the price of Ripple to return to $0.336, where purchasers might try again for the run-up.
