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<p>The cryptocurrency market has experienced a significant correction over the past few days as the uncertainty in the U.S. Presidential elections increases. Moreover, top projects are once again hovering close to their important levels.</p>   
<p>Amidst such a situation, will the XRP token record a bullish reversal and make an attempt to retest its resistance level of $0.630? Read this article to understand the possible short-term XRP price analysis!</p>   
<h2 class="wp-block-heading" id="h-xrp-price-records-increased-bearish-action">XRP Price Records Increased Bearish Action!</h2>   
<p>With a drop of ~2% over the past week, the Ripple coin price has failed to hold its value above its important psychological level of $0.52. Moreover, it has dropped 3.89% during the past 30 days and has a YTD return of -16.48%, highlighting a rising bearish influence.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/04183457/image-41-1024x539.png" alt="Ripple Price Analysis 04th November 2024" class="wp-image-375776">
 <figcaption class="wp-element-caption">
  TradingView: XRP/USDT
 </figcaption>
</figure>   
<p>The Simple Moving Average (SMA) constantly acts as a resistance to the price trend in the 1D time frame. This highlights a weak buying pressure for the altcoin in the cryptocurrency market.</p>   
<p>On the other hand, the RSI indicator has recorded a bullish convergence in the XRP price chart. This highlights a mixed technical sentiment for the Ripple token.</p>   
<h2 class="wp-block-heading" id="h-will-xrp-price-hit-0-560-or-0-488-first">Will XRP Price Hit $0.560 Or $0.488 First?</h2>   
<p>Maintaining the price above its $0.50 mark could set the stage for Ripple crypto to retest its resistance trendline of $0.560. Further, if the bullish sentiment intensifies, this could push the value of this altcoin toward its upper resistance level of $0.630 this month.</p>   
<p>On the contrary, if the bears outrun the bulls, the XRP coin price may retest its important support level of $0.488. Moreover, if the bears dominate the crypto space, this altcoin could plunge toward its crucial support trendline of $0.420.</p>   
<p>Wondering when will this altcoin reclaim the $1 mark. Read our <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">Ripple (XRP) Price Prediction</a> to uncover the possible long-term mysteries!</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1730725416167">
  <strong class="schema-faq-question"><strong>What is the price of Ripple today?</strong></strong> 
  <p class="schema-faq-answer">At the time of writing, the value of one Ripple token was $0.5110.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1730725417403">
  <strong class="schema-faq-question"><strong>Will the XRP Price grow after the U.S. Presidential election?</strong></strong> 
  <p class="schema-faq-answer">With the present market sentiment, Ripple may close the year with a maximum trading value of $0.75.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1730725418124">
  <strong class="schema-faq-question"><strong>Can XRP reach $1?</strong></strong> 
  <p class="schema-faq-answer">For Ripple to achieve the $1 mark, it has to experience a surge of 95.69%.</p> 
 </div> 
</div>

Ripple Price Prediction: Make Or Break Situation For XRP Token?

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