Crypto price analysis from Nov-15: XRP, ADA, DOGE, SHIB and SUI

This week we will examine Ripple, Cardano, Dogecoin, Shiba Inu and Sui in more detail.

Ripple (XRP)

XRP is fast approaching $1 and has impressed with a 47% price increase over the past seven days. This performance allowed it to break all key resistance levels up to $0.92, which it still holds at the time of this post.

The current support is at $0.68, and given the huge pump, the price may enter a short pullback for buyers to take a break before continuing their attack to the key resistance.

Looking ahead, XRP is well positioned to challenge the $1 psychological level in the near term. If successful, this cryptocurrency will reach a price level not seen since 2021, when it reached $2.

Cardano (ADA)

Cardano had a great start in November, and this continued this week, closing with a 41% price increase. ADA is currently at $0.6 under key protection, which seems unlikely to capture buyers.

If the resistance is broken, the next target is available at $0.7. Once there, this currency will return to the price level seen at the end of March. While the buying volume has slowed since early November, bullish momentum remains strong.

Looking ahead, ADA seems determined to reach new highs and even hit $1 in the future. Considering the all-time high at $3, there's plenty of room left.

This OG meme coin surprised the market with its rapid rally in November, and is up 90% in the last seven days alone! This kind of performance has brought buyers' attention back to Dogecoin, which remains extremely bullish.

The current rally reached $0.44 before the correction, and the price is now trying to break the resistance at $0.4. If successful, DOGE has a good shot at the highs, with a key target of $0.5. After that, the all-time high of $0.74 will be next.

Looking ahead, DOGE and other meme coins outperform most altcoins, encouraging market participants to move into this category of cryptocurrencies. As the largest and oldest meme coin, DOGE is poised to take advantage of this market sentiment.

Shiba Inu (SHIB)

Another meme coin, another flash chart. SHIB has impressed with a 26% price increase this week, taking it just under the key defense at $0.000025. If buyers continue with this, this level will not last long.

At the time of this post, the price may pull back after the recent rally and find good support towards $0.000022 before buyers resume their attack. The rate has also increased significantly in the past week, which is a sign of a crash.

Looking ahead, SHIB's next targets are $0.000030 and $0.000045 if the current resistance falls. This will bring the asset back to March levels when the last big rally takes place.

SUI

After rising by 45%, this cryptocurrency set a new record this week, reaching $3.5! In this most recent rally, SUI has engaged in price discovery. This is an extremely alarming sign and reflects Bitcoin's price action, which hit a new record this past week.

The key resistance is found at $3.4 and buyers need to break this level and turn it into support if they want to take the asset at the higher key targets of $4.1 and $5.2. If the selling is strong, SUI has good support around $3.

Looking ahead, SUI is one of the few altcoins that managed to make an all-time high this cycle. This fact alone makes it one of the most popular altcoins in the space right now.

The post Crypto Price Analysis Nov-15: XRP, ADA, DOGE, SHIB and SUI appeared first on CryptoPotato.