Ripple has been trading in a sideways market for most of November. However, an important pivot zone was broken today. Price is currently trading at 0.00001206, which happens to be under the major pivot zone at 0.0000126. This level provided some resistance at the start of the month, and then turned into support for most of November. Since price is now trading under 0.0000126, it is very likely that this level may now act as resistance again.
Although market sentiment is now bearish, there is another potential pivot zone that may halt further price declines. The 0.0000116 area was very active between the 5th and 6th of November; once as resistance; three times as support. Given the prior history of this area, I would say that 0.0000116 may act as support now. If price slips underneath even 0.0000116, a bear market is very likely to follow.
Disclaimer: This is not trading/investment advice!
Chart source: https://poloniex.com/exchange#btc_xrp
If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.
Shockwaves moved through the Solana ecosystem after DeFi dashboard and portfolio platform Step Finance confirmed…
Tether has released its Q4 2025 quarterly attestation, and the numbers confirm what much of…
Lighter is officially stepping beyond its roots as a high-performance perpetual DEX with the launch…
Ethereum co-founder Vitalik Buterin is once again channeling personal capital into the long-term foundations of…
Lido Finance has officially activated Lido V3 on the Ethereum mainnet, introducing a powerful new…
Bitcoin tumbled to around $83,500, marking its lowest level in over a month and triggering…