XRP Price Forecast: Key Levels to Watch as Bulls Target $1.60
XRP has stood out during a volatile week for cryptocurrencies, climbing to $1.48 on November 28, up 1.33% from the previous day.
The token has gained 166% this month, highlighting its resilience amid a broader market pullback.
While Bitcoin dropped below $95,000 and altcoins like Solana and Dogecoin saw losses of 7% and 5%, respectively, XRP’s losses were limited to 2%.
Its notable performance reflects strong bullish sentiment, especially among institutional investors.
Investment strategist Tunc Satiroglu highlights a well-defined trading range for XRP between $1.30 and $1.60, emphasizing these levels as crucial for short-term market direction.
A break above $1.60 could trigger a move toward $1.70 or even $1.96, where veteran trader Peter Brandt predicts an explosive rally. Conversely, a drop below $1.30 could signal bearish momentum.
Key Technical Levels and Indicators
XRP/USD is consolidating near the $1.41 pivot point, with immediate resistance at $1.52 and further targets at $1.63 and $1.74. Support levels are observed at $1.34 and $1.28.
The 50-day EMA aligns with the $1.41 pivot, reinforcing it as a critical level to watch. The RSI at 57.69 indicates mild bullish momentum but warns of potential overbought conditions if upward pressure persists.
Support Levels: $1.41, $1.34, $1.28
Resistance Levels: $1.52, $1.63, $1.74
Key Pivot: $1.41
Additionally, the stochastic oscillator has emerged from oversold levels, signaling the possibility of continued bullish activity if demand strengthens. Whale activity further supports this sentiment, with accounts holding 1 million to 10 million XRP accumulating 230 million tokens last week.
Mixed Sentiment from On-Chain Data
On-chain data reveals mixed signals. Whale investors remain bullish, driving a 353% weekly increase in XRP-focused investment inflows, totaling $15 million. However, retail investors appear cautious, contributing to reduced trading volumes during consolidation phases near $1.40.
The short-term outlook for XRP largely depends on whether it can break above $1.52 and sustain momentum toward $1.63. A breach of $1.60 could set the stage for a push to $1.96, while a drop below $1.41 would expose downside risks to $1.34.
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