XRP holds firm at $0.5: Can bulls force a move to $1 soon?

Quick Summary:

The bounce from $0.5 was a sign that sellers were likely exhausted, but it is unclear if the buyers have the strength right now to reverse the momentum.

On the other hand, the liquidation heatmap indicated that a bounce toward $0.57 was likely.

Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

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Article Details

Author / Journalist: Akashnath S

Category: Crypto

Markets: United StatesIndia

Topics: Trading View No Homepage Ripple Ambcrypto Featured HideCryptopanic Altcoin Analysis News 1 News Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 22:00:57 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23438045

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 28 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #103

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