Ripple Price Analysis — December 1

Ripple has gained some bullish traction over the past few days as the Omicron-induced massive sell-off wanes. The seventh-largest cryptocurrency resurfaced above the $1 yesterday, converting the 4-hour 50 SMA into a support line. That said, XRP now aims for the $1.0500 pivot line followed by the $1.1000 pivot top. I expect to see a bullish continuation over the coming hours into the pivot zone as on-chain metrics propose a healthy comeback for the broader crypto market in the near term.

Meanwhile, my resistance levels are $1.0500, $1.1000, and 1.1500, and my support levels are $1.0000, $0.9500, and $0.9275.

Total Market Capitalization: $2.65 trillion

Ripple Market Capitalization: $47.6 billion

Ripple Dominance: 1.79%

Market Rank: #7