XRP Price Prediction for November 3

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XRP/USD

The price of XRP has declined by 1.50% over the last 24 hours.

Image by TradingView

On the hourly chart, the rate of XRP is in the middle of the narrow channel between the support of $0.4977 and the resistance of $0.5111. As most of the ATR has been passed, any sharp moves are unlikely to happen today.

Image by TradingView

On the daily time frame, the price of XRP is returning to the support level of $0.4877.

If the situation does not change, the accumulated energy might be enough for a breakout, followed by a move to the $0.48 zone.

Image by TradingView

From the midterm point of view, the rate of the altcoin is far from the key levels. However, if the weekly bar closes below $0.49, there is a chance of a test of the $0.44 area.

XRP is trading at $0.5039 at press time.