The Bull And Bear Scenario For XRP That Could Play Out In November

After a few months of ups and downs, the XRP price had fallen below $2 this month for the first time in seven months, breaking down toward its yearly support of $1.79. While there has been some recovery recently, the momentum remains low, and the chances of a sustained recovery decline with each new dip. As the altcoin continues to struggle, a market analyst has outlined the two major directions that the price could go in, given the bull and bear scenarios. The Bull Case For XRP For the XRP price to continue to rise, there would need to be some major momentum shift from here. For one, the price will first have to break the resistance that lies at $2.12, and then forge forward to test further resistance at $2.18. In the event that the altcoin does break these resistances with momentum, then crypto analyst Melikatrader believes that it could resume its uptrend. Related Reading: CEO Reveals Ripple’s XRP Is Driving A JPMorgan Competitor, Is SWIFT Next? For these to happen, however, there w