XRP Price Analysis for November 8
Cover image via www.tradingview.com

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Neither bulls nor bears are dominating today, according to the CoinMarketCap ranking.

Top coins by CoinMarketCap

XRP/USD

The rate of XRP keeps rising, going up by 0.76% over the last day.

Image by TradingView

The price of XRP might have found a local peak on the hourly chart. If today’s candle closes far from the $0.6990 level, the correction may continue to the support of $0.6725 tomorrow.

Image by TradingView

On the daily time frame, the rate of XRP is trading within yesterday’s bar, which means that none of the sides is dominating. 

The falling volume also confirms that sideways trading is the more likely scenario until the end of the week.

Image by TradingView

From the midterm point of view, one should pay attention to the bar closure in terms of the $0.6655 level. If that happens above it and with no long wick, the further growth may lead to the test of the resistance of $0.85 until the end of the month.

XRP is trading at $0.6863 at press time.

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