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Bulls are controlling the situation on the market, according to <a href="https://u.today/shib-price-prediction-for-november-5" rel="noopener noreferrer nofollow">CoinStats</a>. <img src="https://u.today/sites/default/files/inline-images/top10_1460.png" data-entity-uuid="3c850579-018c-4aa5-8101-63063764d762" data-entity-type="file" data-caption="XRP chart by&amp;nbsp;<a href=&quot;https://coinstats.app/coins/&quot;>CoinStats</a>">
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
The price of XRP has risen by 3.26% since yesterday. <img src="https://u.today/sites/default/files/inline-images/xrp1_197.png" data-entity-uuid="35b40b52-8296-4312-87ff-46405cdac2bf" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/XRPUSDT&quot;>TradingView</a>">
On the hourly chart, the rate of XRP is in the middle of the local channel, between the support of $0.5140 and the resistance of $0.5426.
As most of the daily ATP has been passed, there are low chances of any sharp moves by the end of the day. <img src="https://u.today/sites/default/files/inline-images/xrp2_194.png" data-entity-uuid="4d00391e-115d-4e48-811c-787ea9ded160" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/XRPUSDT&quot;>TradingView</a>">
On the bigger time frame, the picture is unclear. Even if today's bar closes bullish, the price of XRP might need more time to accumulate energy for a further move. In this case, sideways trading in the area of $0.52-$0.54 is the more likely scenario. <img src="https://u.today/sites/default/files/inline-images/xrp3_190.png" data-entity-uuid="2678c6be-2d08-4e36-a407-94940e2f2b35" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/XRPUSDT&quot;>TradingView</a>">
From the midterm point of view, none of the sides is dominating. If the weekly candle closes around the current prices, traders may witness ongoing consolidation in the range of $0.50-$0.56.
XRP is trading at $0.5315 at press time. <a href="https://u.today/xrp-price-prediction-for-november-6" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

XRP Price Prediction for November 6

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