Both popular cryptocurrencies have shown impressive performance in 2023, bringing smiles to their investors. Especially, INJ Coin has performed exceptionally well, resembling a bull market. Now, as the Bitcoin price tries to maintain $35,000, let’s take a look at the current price targets for INJ and XRP Coin.
Ripple (XRP) November Price Prediction
October ended on a positive note, and investors are currently satisfied with November’s performance as well. The Ripple Swell event, scheduled for November 8-9 in Dubai, could make this week even more promising for XRP Coin. Such events always attract attention, but this time, the timing is much more significant for the XRP Coin price.
For years, the United Arab Emirates has been taking concrete steps to attract the cryptocurrency industry. During this event, we may learn about Ripple’s IPO or if it has obtained a service license here. The choice of venue, the timing, everything is likely to raise investors’ expectations.
The price, which broke free from the 98-day declining resistance line in the last 10 days of October, is currently trading in the range of $0.68 to $0.74. If the current upward trend continues for two more days with the expectation of the event (minimum estimate), there could be a second chance for the price to break the $0.94 resistance.
If the price surpasses the resistance, it could rally up to $1.3, but in the opposite scenario, we may see it retreat to the strong support area of $0.55. The whale accumulation we highlighted today, the breakthrough of the challenging $0.64 resistance, and the optimism surrounding the Ripple Swell event mentioned above provide a reasonable basis for testing the $0.94 level.
Injective (INJ) November Target
INJ Coin, currently the 38th largest cryptocurrency by market capitalization, has impressed everyone with its price performance this year. This trend may continue as the Quants NFT collection will be launched on November 11. What does this mean? 5% of the total collection volume will be burned as tokens. The more intense the buying/selling, the greater the amount of burning.
Regarding the price, according to the Elliot wave count, the price is in its final stage and could reach an impressive peak of $25. The ATH level was $25.3, but the parabolic rallies experienced in 2023 could eliminate the impossible for it. If the rally continues, the next target could be $36.5. In the opposite scenario, we may see a rapid drop towards the $10 support. As the launch date of the NFT collection approaches, if there is a wave of demand as expected, it will greatly support the parabolic rally.
