The recent XRP price crash between late September and late October 2024 saw a dramatic 27% decline. This downward trend appears closely tied to broader crypto market turbulence, including Tether-related uncertainties and geopolitical tensions from the Israel-Iran conflict. As November approaches, investors are keenly asking: What’s the bottom for XRP this month?
Key XRP Price Predictions for November 2024
Short-Term Outlook (Early November)
- Potential 10% Drop: XRP may slide to $0.469, a critical support level, if current bearish momentum persists.
Election Impact: The US presidential election results (November 5) could dictate further volatility:
- Trump Win: Likely price stability near $0.469.
- Harris Win: Possible extended crash toward $0.40.
Technical Indicators
- RSI at 39.54: Signals bearish control, with room for further decline.
- Awesome Oscillator: Confirms bear dominance via negative histogram bars.
- Key Resistance: A recovery above $0.556** would invalidate the bearish thesis, potentially pushing XRP toward **$0.635.
👉 Stay updated on XRP’s real-time trends
FAQs: XRP Price Volatility
- What’s the worst-case scenario for XRP in November?
XRP could drop to $0.40 if bearish catalysts intensify, particularly post-election. - Why is XRP falling?
Tether FUD and Middle East tensions are pressuring crypto markets globally. - Is now a good time to buy XRP?
Long-term prospects remain bullish, but short-term buyers should watch for dips below $0.469.
Market Analysis Recap
- Support Levels: $0.469** (primary), **$0.40 (secondary).
- Resistance Levels: $0.532** (short-term), **$0.556 (trend-reversal threshold).
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Disclaimer: This analysis reflects market conditions as of October 2024. Always conduct independent research before investing.
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