Ripple Price Analysis — November 8

XRP appears to have taken the echoes of a possible settlement well as the seventh-largest cryptocurrency recorded an intraday rally of over 7% and a seven-day jump of more than 15%. XRP came close to touching the $1.3000 psychological resistance earlier today, but bulls ran out of steam, causing the price to fall to the $1.2530 level. That said, the embattled cryptocurrency has held up well above the $1.2500 zone over the past hours and should make another attempt at the $1.3000 level soon.

Meanwhile, my resistance levels are $1.2000, $1.2250, and 1.2500, and my support levels are $1.1500, $1.1000, and $1.0500.

Total Market Capitalization: $2.86 trillion

Ripple Market Capitalization: $59.3 billion

Ripple Dominance: 2.07%

Market Rank: #7