{"id":203290,"date":"2021-11-28T18:00:16","date_gmt":"2021-11-28T12:30:16","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=203290"},"modified":"2024-05-01T15:39:12","modified_gmt":"2024-05-01T10:09:12","slug":"is-this-xrps-last-held-support-before-a-confirmed-bearish-trend","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/is-this-xrps-last-held-support-before-a-confirmed-bearish-trend\/","title":{"rendered":"Is this XRP&#8217;s last held support before a confirmed bearish trend"},"content":{"rendered":"<p>Towards the end of October, XRP was expected to rally in the market. All the stars were close to aligning as positive sentiments were common across the industry. The SEC v. Ripple lawsuit has also been moving favorably over the past few weeks. Alas, unfortunately, November has not been so kind.<\/p>\n<p>At press time, XRP was down by ~15% for the month, hitting a monthly low of $0.91.<\/p>\n<p>The price structure may seem devastating at first glance. However, there might be some form of recovery as it could be another investment opportunity for the token.<\/p>\n<p>Here, it is important to note that this is not financial advice and the narrative is drawn based on observations from the market.<\/p>\n<h4><strong>Demand Zone and Fibonacci correlations for XRP<\/strong><\/h4>\n<figure id=\"attachment_203294\" aria-describedby=\"caption-attachment-203294\" style=\"width: 1791px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/XRPUSDT_2021-11-27_18-02-26.png\"><img decoding=\"async\" class=\"wp-image-203294 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/XRPUSDT_2021-11-27_18-02-26.png\" alt=\"XRP\" width=\"1791\" height=\"837\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/XRPUSDT_2021-11-27_18-02-26.png 1791w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/XRPUSDT_2021-11-27_18-02-26-300x140.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/XRPUSDT_2021-11-27_18-02-26-1024x479.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/XRPUSDT_2021-11-27_18-02-26-768x359.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/XRPUSDT_2021-11-27_18-02-26-1536x718.png 1536w\" sizes=\"(max-width: 1791px) 100vw, 1791px\" \/><\/a><figcaption id=\"caption-attachment-203294\" class=\"wp-caption-text\">Source: Trading View<\/figcaption><\/figure>\n<p>While XRP is currently consolidating under the $1 mark, it is necessary to understand that it is also testing the demand zone established by its previous downtrend. After reaching a top of $1.45, XRP&#8217;s value dropped to this particular range in the middle of September, following which it consistently improved on the charts.<\/p>\n<p>The bullish invalidation for XRP came after its symmetrical triangle led to an upside breakout. But, the lack of momentum and collective trend reversal forced it back under. Now, at the moment, it remains a critical stage of recovery for XRP, where there are a couple of support ranges coming in together.<\/p>\n<p>While the demand zone is being settled in by previous range-bound trading volumes, the Fibonacci levels are suggestive that the range between 0.5 and 0.618 is currently forming the demand zone.<\/p>\n<p>Technically, the range between 0.5 and 0.618 is considered the critical level before a bullish market reaches a bearish reversal. Hence, it is imperative that XRP recovers from this point on the chart or it is close to confirming an irreversible bear trend.<\/p>\n<h4><strong>Investment metrics are contradictory?<\/strong><\/h4>\n<figure id=\"attachment_203401\" aria-describedby=\"caption-attachment-203401\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.42-28-Nov-2021.png\"><img decoding=\"async\" class=\"wp-image-203401 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.42-28-Nov-2021.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.42-28-Nov-2021.png 3840w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.42-28-Nov-2021-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.42-28-Nov-2021-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.42-28-Nov-2021-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.42-28-Nov-2021-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.42-28-Nov-2021-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-203401\" class=\"wp-caption-text\">Source: Sanbase<\/figcaption><\/figure>\n<p>The MVRV ratio was illustrative of negative sentiment for XRP holders. With the value of the indicator dropping below zero, it seemed to suggest that investors are currently taking more profit than holding. It also implied that exhaustion of selling pressure could be near.<\/p>\n<figure id=\"attachment_203402\" aria-describedby=\"caption-attachment-203402\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.22-28-Nov-2021.png\"><img decoding=\"async\" class=\"wp-image-203402 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.22-28-Nov-2021.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.22-28-Nov-2021.png 3840w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.22-28-Nov-2021-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.22-28-Nov-2021-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.22-28-Nov-2021-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.22-28-Nov-2021-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-10.50.22-28-Nov-2021-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-203402\" class=\"wp-caption-text\">Source: Sanbase<\/figcaption><\/figure>\n<p>Finally, the circulation NVT chart has also been eyeing an investment opportunity. The network value to transactions is low, meaning transactions are not completely mirroring the intrinsic value of XRP.<\/p>\n<p>Right now, all signs are slowly moving against XRP and confirming a bearish trend might be near. Hence, it remains critical for the altcoin to remain above the demand zone and consolidate above it over the next few trading sessions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Towards the end of October, XRP was expected to rally in the market. All the stars were close to aligning as positive sentiments were common across the industry. The SEC v. Ripple lawsuit has also been moving favorably over the past few weeks. Alas, unfortunately, November has not been so kind. At press time, XRP<a href=\"https:\/\/ambcrypto.com\/is-this-xrps-last-held-support-before-a-confirmed-bearish-trend\/\">Continue reading <span class=\"sr-only\">&#8220;Is this XRP&#8217;s last held support before a confirmed bearish trend&#8221;<\/span><\/a><\/p>\n","protected":false},"author":13,"featured_media":203292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[66,3,55,4,20],"tags":[6460,6461],"class_list":["post-203290","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-news","category-news","category-xrp-ripple-news","category-social","category-trading-view","tag-xrp","tag-xrp-price-prediction"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is this XRP&#039;s last held support before a confirmed bearish trend - AMBCrypto<\/title>\n<meta name=\"description\" content=\"While XRP is currently consolidating under the $1 mark, it is necessary to understand that it is also testing the demand...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/is-this-xrps-last-held-support-before-a-confirmed-bearish-trend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is this XRP&#039;s last held support before a confirmed bearish trend - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Towards the end of October, XRP was expected to rally in the market. All the stars were close to aligning as positive sentiments were common across the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/is-this-xrps-last-held-support-before-a-confirmed-bearish-trend\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-28T12:30:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-01T10:09:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/11\/neil-thomas-SIU1Glk6v5k-unsplash-scaled-e1638016048826.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Biraaj T\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/Biraajmaan_AMB\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Biraaj T\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/is-this-xrps-last-held-support-before-a-confirmed-bearish-trend\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/is-this-xrps-last-held-support-before-a-confirmed-bearish-trend\\\/\"},\"author\":{\"name\":\"Biraaj T\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/2cd41658c41d9f8c28d0e112b8fde581\"},\"headline\":\"Is this XRP&#8217;s last held support before a confirmed bearish trend\",\"datePublished\":\"2021-11-28T12:30:16+00:00\",\"dateModified\":\"2024-05-01T10:09:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/is-this-xrps-last-held-support-before-a-confirmed-bearish-trend\\\/\"},\"wordCount\":455,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/is-this-xrps-last-held-support-before-a-confirmed-bearish-trend\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/neil-thomas-SIU1Glk6v5k-unsplash-scaled-e1638016048826.jpg\",\"keywords\":[\"XRP\",\"XRP price prediction\"],\"articleSection\":[\"News\",\"News 1\",\"Ripple\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/is-this-xrps-last-held-support-before-a-confirmed-bearish-trend\\\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/is-this-xrps-last-held-support-before-a-confirmed-bearish-trend\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/is-this-xrps-last-held-support-before-a-confirmed-bearish-trend\\\/\",\"name\":\"Is this XRP's last held support before a confirmed bearish trend - 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