XRP, Injective (INJ), eCash (XEC), Hedera (HBAR), and the Graph (GRT) are all altcoins that have interesting developments lined up in November, which could affect their price.
The month of October was bullish for the cryptocurrency market, and the increase has so far continued in November. The five altcoins below could draw even more attention this month.
Ripple (XRP) Swell Conference Approaches
- Price: $0.70
- Market Cap: $37,622 billion
- Rank: #4
The first November altcoin is XRP due to the Ripple Swell conference, which will be held on November 8-9 in Dubai. While the conference always receives considerable attention, expectations are even higher this time.
This is because there are rumors of a potential Initial Public Offering (IPO) announcement or an application for a Virtual Asset Regulatory Authority (VARA) license in the United Arab Emirates.
The XRP price broke out from a 98-day descending resistance trendline on October 19. It now trades at a very interesting area between the 0.5-0.618 Fib retracement resistance levels at $0.68-$0.74.
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Author: Valdrin Tahiri