The demand level of $0.25 may be the bears’ target. In case the demand level of $0.25 holds and the XRP price bounce, an upward trend may be experienced with $0.38 – $0.43 as its target.
Should the demand level of $0.32 holds, XRP price will have its target at $0.43. In case the bearish candle penetrates the demand level of $0.32 and close below it, the coin will face the demand level of $0.25.
Until a radical force push out XRP price from the price range bound of $0.53 and $0.43price level, consolidation is still in place.
The bulls may gain enough pressure to break out the upper trend line of the triangle and the XRP price will rally to the north and may break the supply level of $0.58 up to $0.63.
XRP is still slightly moving down on Thursday Nov 8, trading at $0.5169, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex.