Ripple trades are currently taking place in the middle of its range. In the weekly timeframe, it can be observed that the price of this cryptocurrency is in a horizontal range, starting from the moment it reached an annual maximum of $ 0.95 in July. The November chart shows that the price was pushed back from the upper limit of this range and formed a long upper tail of the candle, which indicates a bearish mood.

Since the beginning of this year, XRP has also been following an ascending support line, but in October it was violated.

Currently, Ripple is trading in the middle of the horizontal range and has not shown significant activity over the past three weeks.

The Relative Strength Index (RSI) on the weekly chart gives mixed signals, declining but remaining above the 50 mark.

Analysts express different opinions about the further dynamics of Ripple. Some compare the current movement with the previous price increases since the beginning of the year, expressing optimism.

Thus, Ripple's trades around $0.55 may determine its future trend. A break of this level down could cause the price to fall by 35% to the next support level of $0.42, while a rebound from this level is likely to lead to a 15% increase to the Fibonacci 0.618 level of $0.74.