- XRP price has hit the critical resistance barrier at $0.26 again and got rejected.
- The price is now bounded between the 50-SMA and the 100-SMA on the daily chart.
XRP has established a critical resistance level at 0.26, tested on eight different occasions from September 4 until November 7. The last try managed to push XRP’s price towards $0.267 before quickly dropping to $0.244 on the same day.
XRP bulls have to crack $0.26 to target $0.30
The critical resistance barrier at $0.26 now coincides with the 100-SMA on the daily chart, adding even more strength to the level. The current price of XRP at $0.25 has bounced from the daily 50-SMA at $0.245.
XRP/USD daily chart
The price is contained between the 50-SMA and the 100-SMA. A breakout above $0.26 would be significant; however, the digital asset needs to also close above this point to target $0.30 as an initial price point.
Bears, on the other hand, are looking at the 50-SMA as the closest support level. The rejection on November 7 from the crucial resistance level at $0.26 is a clear and robust bearish sign considering all the previous rejections.
XRP/USD 1-hour chart
On the hourly chart, XRP’s price faces a strong resistance level at $0.252, the 50-SMA. The digital asset has established a downtrend, and it’s eying up a breakdown below the 200-SMA at $0.245, which would push XRP’s price towards $0.237.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks

Crypto Gainers Price Prediction: WIF, SPX, XLM - Meme coins shine as Bitcoin hits record high
Cryptocurrency market sentiment improves as Bitcoin reaches a new all-time high, catalyzing a sharp recovery in meme coins such as Dogwifhat, SPX6900, alongside the payment token Stellar.

GMX slumps following $40 million hack on V1 platform
GMX experienced a double-digit decline on Wednesday after the exchange lost $40 million in an exploit targeting its V1 platform and GLP pool on Arbitrum, while its V2 platform remained unaffected.

Tokenization could pull in 5% of $257 trillion global stock, bond markets: Bitwise
Tokenization of stocks and bonds is expected to capture 1-5% of the combined value of the bond and stock markets, currently at $257 trillion, according to Bitwise executives Matt Hougan and Ryan Rasmussen in a note to investors on Wednesday.

Ethereum Price Forecast: ETH surges 5% on Bitcoin's all-time high and GameSquare treasury announcement
Ethereum rallied past $2,700 alongside the broader cryptocurrency market on Wednesday, notching a 5% gain following Bitcoin's surge to a record high near $112,000. The rise in the market underscores Bitcoin's strong correlation with top cryptocurrencies.

Bitcoin: BTC ends Q2 with 30% gains, Standard Chartered eyes $200K by year-end
Bitcoin (BTC) closed a strong second quarter (Q2), recording nearly 30% in quarterly gains amid rising corporate and institutional demand and bullish market sentiment.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.