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C-Zar Gets Crypto 16 Nov 2025, 21:18 UTC
AI-generated source summary
The analyst assesses XRP's price action, noting its current price around $2.19, and stating the analysis is for November 16. XRP has been in a consolidation phase since November-December of the previous year, trading in the lower half of its range, which offers favorable buying opportunities. The analyst expects a breakout to the upside, setting targets between $13 to $16 by the end of January. A megaphone pattern is noted, implying potential upside to $3.60, nearing all-time highs, but a downside break could lead to prices below $2, potentially to $1.30-$1.50. The analyst switches to the 1-hour timeframe on the Coinbase chart, noting light volume, which is typical for a weekend. No bullish divergence is seen on the hourly RSI. A 4-hour Fibonacci retracement analysis, going from the low of Nov 4 to the high of Nov 10, shows support between $2.12 and $2.17. Volume is declining on the downward move. The lack of volume on the downward move is described as fake price action. Overall, the analyst is confident in a forthcoming low and an upward trend. He estimates the move is happening after the close on Sunday 16 of November. The analyst also talks about the Fear and Greed index.
AI-generated summary based on the source content.
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Signals in this source
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C-Zar Gets Crypto
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