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- XRP price continues to get rejected by the $0.381 to $0.392 hurdle in its attempt to move higher.<\/strong><\/li>\n
- A flip of the $0.403 resistance level into a support floor will open the path to revisit $0.448 and $0.509.<\/strong><\/li>\n
- A daily candlestick close below $0.288 will invalidate the bullish thesis for Ripple.<\/strong><\/li>\n<\/ul>\n
XRP price shows a constant influx of buying pressure<\/a>, which has produced higher lows since the November 9 crash. The overhead barrier, however, is stubborn and continues to absorb this buying pressure from Ripple bulls. A flip of this level will determine the next course of action for the remittance token.\u00a0<\/p>\n
XRP price and potential bottom formation levels<\/strong><\/h2>\n
XRP price has been hovering close to $0.288 since June 18 crash. Although it managed to blast through<\/a> the $0.381 hurdle on September 20, it failed to sustain itself. Moreover, the worsening market conditions, combined with waning buying power, triggered a reversal that knocked Ripple back below the $0.381 resistance level.<\/p>\n
From a high time-frame perspective, the $0.288 level is the local bottom for now. As long as XRP price flips $0.381 and stays above it, there is no need to think about how low the remittance token can go.<\/p>\n
The $0.441 level, which is roughly 18% away from the current position, is the first target for bulls. Similar to the $0.381 hurdle, this barrier is also a tough one to crack. However, a successful flip<\/a> of this blockade will open XRP price to revisit the $0.509 level.<\/p>\n
- A flip of the $0.403 resistance level into a support floor will open the path to revisit $0.448 and $0.509.<\/strong><\/li>\n
![\"https:\/\/www.youtube.com\/watch?v=amFKbJmeNrY\"](\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XRPUSDT_2022-11-24_08-36-28-638048559927405801.png\")
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