The XRP price has made a significant bullish push recently as on-chain data shows whales have been accumulating significant amounts. XRP Whales Have Made Big Purchases In Last Few Weeks According to data from the on-chain analytics firm Santiment, the XRP whales have been busy buying recently. The on-chain indicator of relevance here is the […]
As the cryptocurrency market experiences a notable uptrend, altcoins have begun to take center stage while Bitcoin (BTC) consolidates just below its recent record high of $99,540. This shift has led to significant capital rotation toward altcoins such as Cardano (ADA) and XRP, both of which have outperformed many of the top ten cryptocurrencies over […]
XRP price is up over 50% and trading well above $2.50. The price is consolidating near $2.70 and might aim for more gains above the $2.80 level. XRP price is eyeing a fresh increase above the $2.80 resistance zone. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $2.72 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to accelerate if it clears the $2.75 resistance. XRP Price Extends Surge Above $2.50 XRP price accelerated higher after it settled above the $2.00 level. It cleared many hurdles near $2.25, beating Bitcoin and like Ethereum. There was a move above the $2.50 and $2.65 resistance levels. It is up over 50% and there was a move above the $2.80 level. A high was formed at $2.869 and the price is now consolidating gains. It dipped some points and tested the $2.70 level. There was a move below the 2.36% Fib retracement level of the upward move from the $2.190 swing low to the $2.869 high. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.720 level. There is also a short-term contracting triangle forming with resistance at $2.72 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.750 level. The next key resistance could be $2.850. A clear move above the $2.850 resistance might send the price toward the $2.960 resistance. Any more gains might send the price toward the $3.00 resistance or even $3.120 in the near term. The next major hurdle for the bulls might be $3.20. Are Dips Supported? If XRP fails to clear the $2.720 resistance zone, it could start a downside correction. Initial support on the downside is near the $2.650 level. The next major support is near the $2.520 level or the 50% Fib retracement level of the upward move from the $2.190 swing low to the $2.869 high. If there is a downside break and a close below the $2.520 level, the price might continue to decline toward the $2.450 support. The next major support sits near the $2.30 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.5200 and $2.4500. Major Resistance Levels – $2.7200 and $2.8500.
XRP has soared to a remarkable $2.49, marking its highest market value since January 8, 2018. This impressive milestone follows an astounding 395% price surge since November 5, reflecting renewed investor enthusiasm and strong market momentum. The rapid rally has reignited discussions about XRP’s potential as one of the standout performers in the crypto market. Related Reading: Dogecoin Ready To Hit $1 – Price Struggles To Break Above Major Resistance Key data from blockchain analytics firm Santiment highlights a significant accumulation trend among large holders. In three weeks, wallets holding 1M-10M XRP have amassed 679.1 million tokens—equivalent to $1.66 billion. This aggressive accumulation underscores increasing confidence in XRP’s prospects, particularly as the broader market exhibits bullish sentiment. Analysts suggest the coming weeks could bring further upside for XRP and the overall crypto market, driven by heightened interest and strong demand. As XRP tests these new highs, the focus will shift to whether it can sustain this momentum and break through psychological resistance levels. With market dynamics favoring a bullish outlook, XRP’s performance could set the tone for altcoins entering the next phase of this market cycle. Investors now keenly observe XRP’s trajectory as it navigates this critical juncture. XRP Extends Record-Breaking Rally XRP’s remarkable uptrend shows no signs of slowing, with the asset surging 30% in under 24 hours, breaking decisively above the $2 mark. Following a brief consolidation below $2, this rally has pushed XRP to an impressive $2.49—a level unseen since January 8, 2018. Recent blockchain data from Santiment reveals the underlying strength driving this surge. Key accumulation trends show wallets holding 1M-10M XRP have collectively added 679.1 million tokens to their holdings in just three weeks. This translates to a staggering $1.66 billion, signaling renewed confidence among large holders. Additionally, XRP’s total non-empty wallets have reached a historic milestone, surpassing 5.5 million for the first time in the cryptocurrency’s 8+ year history. The convergence of these bullish metrics confirms that demand for XRP is intensifying, fueling its record-breaking rally. Analysts and investors are watching closely, noting that the continued expansion in wallet activity and accumulation patterns strongly supports XRP’s upward momentum. Related Reading: Dogecoin Consolidates Below Key Supply Level – Analyst Expects Rally Soon As XRP capitalizes on these bullish trends, its ability to sustain and build on this momentum will be crucial. If accumulation and wallet growth persist at this pace, XRP could redefine its position in the crypto market, setting new benchmarks for its next leg up. XRP Price Holds At $2.30 XRP is trading at $2.30, consolidating after a remarkable rally that saw it touch $2.50, nearing its all-time high. This marks an extraordinary performance, with XRP achieving significant gains over the past month as it revisits price levels last seen in 2018. The bullish momentum remains intact, and traders closely monitor the $2.30 level as a key support. If XRP holds above this level in the coming hours, a breakout past $2.50 seems increasingly likely, setting the stage for the asset to test even higher resistance levels. However, failure to maintain the $2.30 support could lead to a short-term pullback, with the price likely finding demand at $2.08. This critical level could provide a foundation for further consolidation before XRP attempts another push upward. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target As market participants continue to watch XRP’s price action, its ability to sustain these levels will determine the trajectory of its next move. With bullish sentiment still driving demand, the coming hours are crucial for XRP’s bid to solidify its position above $2.30 and aim for new milestones beyond $2.50. Featured image from Dall-E, chart from TradingView
Crypto analyst Tony Severino said Litecoin is about to pull an XRP, suggesting that the coin could soon enjoy a parabolic rally. The analyst alluded to a bullish indicator on LTC’s chart, which showed that the crypto could witness this parabolic rally. Litecoin Is About To Pull An XRP, Here’s Why In an X post, Tony Severino said that Litecoin is about to pull an XRP, noting that the crypto is now above the monthly upper Bollinger Band. This suggests that LTC has undergone the necessary price correction and is now well-primed for a bullish reversal. The analyst’s accompanying chart showed that a wick to the upside was already forming for the crypto on the monthly chart. Related Reading: Shiba Inu Burns Spike 7,418% In 1 Week – Can SHIB Price Continue Pushing To New Highs? Severino didn’t give a price target for how high Litecoin could rally when this move to the upside occurs. However, the chart showed that the $150 and $300 price levels were in view, a rally that could ultimately pave the way for LTC to rally to its current all-time high (ATH) of $412. It is worth mentioning that the crypto analyst had also recently made a similar analysis for XRP. Before now, Severino mentioned XRP is just above the monthly upper Bollinger Band just as BB Width expands from the tightest squeeze in XRP history. He added that this is going to shock and awe. Since then, XRP has enjoyed a parabolic rally of over 200% and is now above the $2 mark, a level the analyst’s chart showed the crypto could surpass. Therefore, this Litecoin analysis is undoubtedly one to watch since the crypto analyst predicts that LTC will pull an XRP. Litecoin has yet to enjoy its bull run, although it already looks to be catching up, considering it is up over 24% in the last seven days. The Next Dino Coin To Run? Like Severino, crypto analyst Crypto Snorlax has also suggested that Litecoin will be the next ‘Dino coin’ to witness a parabolic rally. In an X post, the analyst highlighted a chart overlaying XRP’s price action over LTC’s. Based on this analysis, Crypto Snorlax revealed two interesting findings. Related Reading: Bitcoin Price Enters Parabolic Phase Of Cycle After Surge To $98,000 – Analyst Firstly, he noted that there is a strong correlation between old altcoins. With XRP recording a 5x price increase from its bottom range, the analyst expects Litecoin to follow shortly. Secondly, Crypto Snorlax revealed that Litecoin just broke above $115, an 18-month resistance. Therefore, Litecoin is well primed for a significant rally, having flipped this resistance to support. The analyst’s accompanying chart showed that LTC could enjoy up to a 3x price increase and reach as high as $450, which would mark a new ATH for the crypto. At the time of writing, Litecoin is trading at around $121, up over 20% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
XRP price is up over 30% and trading well above $2.20. The price is consolidating near $2.40 and might aim for more gains above the $2.50 level. XRP price is eyeing a fresh increase above the $2.00 resistance zone. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.08 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to accelerate if it clears the $2.50 resistance. XRP Price Starts Fresh Increase Above $2.00 XRP price remained supported near the $1.500 zone. It formed a base and recently started an upward move above $1.80, beating Bitcoin and like Ethereum. There was a move above the $2.00 and $2.20 resistance levels. It is up over 30% and there was a move above the $2.50 level. A high is formed at $2.51 and the price is now consolidating gains. It dipped some points and tested the $2.30 level. There was a move below the 2.36% Fib retracement level of the upward move from the $1.818 swing low to the $2.510 high. The price is now trading above $2.30 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.08 on the hourly chart of the XRP/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $1.818 swing low to the $2.510 high. On the upside, the price might face resistance near the $2.450 level. The first major resistance is near the $2.500 level. The next key resistance could be $2.550. A clear move above the $2.550 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.80 resistance or even $2.880 in the near term. The next major hurdle for the bulls might be $3.00. Another Pullback? If XRP fails to clear the $2.50 resistance zone, it could start a downside correction. Initial support on the downside is near the $2.350 level. The next major support is near the $2.250 level. If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.10 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.3000 and $2.2000. Major Resistance Levels – $2.5000 and $2.6500.
XRP is trading just below the critical $2 mark, a level that served as the local top during the 2021 bull cycle. The price has been steadily climbing, fueled by bullish momentum, and appears poised to push higher. Investors and analysts closely monitor the charts for a definitive signal to confirm a breakout above this crucial resistance. Related Reading: Dogecoin Consolidates Below Key Supply Level – Analyst Expects Rally Soon This psychological price level is a focal point for market participants, with a successful breach potentially marking the beginning of a sustained rally. Top analyst and investor Dark Defender has weighed in on XRP’s outlook, sharing a detailed technical analysis on X. According to his insights, XRP is expected to reach $2.13 in the coming days before experiencing a brief correction. Dark Defender also anticipates further price gains following this pullback as XRP continues to attract bullish sentiment. A confirmed breakout above $2 could pave the way for new multi-year highs, while a failure to surpass this level may lead to short-term volatility. With its historical significance and current market dynamics, the $2 mark represents both an opportunity and a challenge for XRP. All eyes are now on whether the token can reclaim this milestone and chart a path higher. XRP Attracts New Demand XRP has surged over 50% this week, riding a wave of fresh demand that continues to propel its price toward new supply levels. The bullish momentum has sparked significant interest among investors and analysts, with many speculating on the token’s next move. Top analyst and investor Dark Defender shared a detailed technical analysis on X, highlighting XRP’s evolving market structure on the 4-hour chart. According to his insights, XRP is likely to touch $2.13 soon before facing a potential correction. Dark Defender’s analysis also identifies key resistance levels on the 4-hour time frame. Notably, resistances at $4.11 and $6.42 align with his secondary price target of $5.85, which follows a support retest at $1.88. These levels suggest a roadmap for XRP’s price action if the current rally sustains its momentum. As XRP approaches these critical price zones, the coming weeks will be pivotal in determining its trajectory. While the bullish sentiment dominates, the possibility of corrections or consolidations remains. A decisive break above $2.13 could open the door to new highs, but failure to hold key levels might invite short-term volatility. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target For now, XRP’s impressive performance and emerging demand position it as one of the most closely watched assets in the crypto market. Reaching Multi-Year Highs XRP is currently trading at $1.88 following an impressive run since November 5, marking a staggering 285% increase in less than 30 days. The price recently tagged $1.95, a critical level, and has since entered a consolidation phase as it gathers momentum to push past the pivotal $2 mark. This consolidation suggests that XRP is building the necessary fuel for a potential breakout. The price action remains decisively bullish, supported by strong market sentiment and increasing demand. Analysts are closely watching the cycle’s top at $1.97, as breaking above this level would likely signal the start of a new leg higher. A confirmed breakout past $1.97 would not only reinforce the bullish structure but could also propel XRP to uncharted highs, aligning with predictions of a parabolic rally. Related Reading: Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook However, consolidation near these levels indicates that XRP is facing temporary resistance. Market participants are now eyeing key support zones to ensure the current bullish momentum remains intact. If the upward pressure continues, XRP’s next targets could quickly surpass historical levels, solidifying its position as one of the leading assets in the crypto space. For now, XRP remains a focal point for traders and investors as it inches closer to the $2 threshold. Featured image from Dall-E, chart from TradingView
XRP experienced a notable surge of over 20% on Friday, outperforming leading digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This increase has propelled XRP to become the fifth-largest cryptocurrency by market capitalization, now exceeding $107 billion. As of the latest trading data, XRP is priced at $1.87, reflecting a remarkable 99% increase over the past two weeks. This performance has allowed XRP to surpass Binance Coin (BNB) in market capitalization, signaling a resurgence of investor interest. XRP Breaks Free From Three-Year Stagnation The recent rally marks a significant turnaround for XRP, which had been consolidating between $0.30 and $0.60 for nearly three years. This period of stagnation was largely attributed to the end of the 2021 bull run and the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC). Related Reading: Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each The SEC’s classification of XRP as an “unregistered security” has created substantial uncertainty for investors, particularly in the US, which has impacted the token’s market performance. However, recent political developments in the United States have contributed to a renewed sense of confidence among crypto investors. Following Donald Trump’s victory on November 5, where he defeated current Vice President Kamala Harris, the cryptocurrency market saw a significant recovery. Bitcoin, in particular, reached a new all-time high of $99,540, leading this resurgence. Trump’s election promises to overhaul regulatory frameworks, including the dismissal of SEC Chair Gary Gensler on his first day in office, have further fueled optimism. Gensler has announced his departure from the agency effective January 20, coinciding with the presidential inauguration, raising hopes that the protracted legal dispute between Ripple and the SEC may soon be resolved. This potential resolution could pave the way for increased investment in XRP and the introduction of new investment products, such as exchange-traded funds (ETFs) focused on the token, with several asset managers having already filed applications. New Price Targets And Support Levels In terms of technical analysis, crypto analyst DarkDefender has noted that XRP has successfully broken through a critical resistance level at $1.44. With the recent uptrend recorded for the fifth largest token on the market, DarkDefender outlined new targets for XRP, including $3.4176 and $11.3233, while also revisiting historical targets of $5.85 and $18.22. Furthermore, the analyst highlighted new support levels at $1.44, $1.28, $1.14, and $1.03. Related Reading: NEAR Q3 Market Cap Dive: Exploring The 27% Plummet And Key Financial Metrics The 4-hour chart indicates a new market structure for XRP, with expectations of touching $2.13 before any potential corrections. New resistance levels are identified at $4.11 and $6.42 within this timeframe, aligning with the main target of $5.85 following the anticipated move above $1.88. Featured image from DALL-E, chart from TradingView.com
XRP has broken past the $1.7 level, signaling a renewed push by the bulls to dominate the market. This critical move has sparked excitement among traders, fueling speculation about its capability for further gains. As momentum builds, the spotlight shifts to whether the altcoin can sustain this strength and continue its upward trajectory. This article […]
XRP has surged past the $1.62 level, placing it less than 5% away from the crucial $2 mark. This impressive rally has seen the price gain over 50% since last Tuesday, capturing the attention of both investors and analysts. The bullish momentum suggests the price could continue its upward trajectory, fueled by growing optimism and […]
Following a week-long period of sideways movement, XRP has resumed its bullish trajectory gaining by 19.81% on Friday to reach a local peak of $1.84. During this price rally, market shares of the prominent altcoin rose to $104.96 billion, as it became the fifth-largest cryptocurrency brushing past Binance Coin (BNB). Related Reading: Ripple CEO Reacts […]
XRP has broken through a key resistance level, reaching price points not seen since its multi-year highs set in 2021. The cryptocurrency has been on an aggressive upward trajectory for over three weeks, signaling strong bullish momentum in the market. Investors and analysts alike are closely monitoring XRP’s price action, as it shows no signs of slowing down. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target Renowned crypto analyst Ali Martinez recently shared a compelling technical analysis, suggesting that XRP is poised to reach the $2 mark in the near future. His analysis highlights XRP’s robust breakout above critical resistance levels, supported by strong trading volume and positive market sentiment. Martinez believes this momentum could propel the token to achieve its next significant milestone much faster than anticipated. As the altcoin market continues to flourish, XRP stands out as one of the top-performing assets, drawing increased attention from both retail and institutional investors. The coming days will be crucial in determining whether XRP can sustain its bullish pace and surpass further resistance levels. With technical indicators aligning with optimistic projections, XRP appears ready to continue its ascent, cementing its place as a leading cryptocurrency in this market cycle. XRP Testing Past Cycle’s Top XRP has reached an impressive $1.93, testing critical supply levels that marked the top of its last cycle. In 2021, Ripple was entangled in legal challenges with the SEC, creating uncertainty for the cryptocurrency. However, the landscape has shifted significantly since then, with Ripple gaining favorable momentum in the lawsuit and renewed investor confidence, propelling XRP to new heights. Martinez has provided an optimistic outlook, sharing a technical analysis on X that suggests XRP will likely surpass the $2 milestone soon. Martinez identifies this level as a key target as the cryptocurrency’s momentum builds. The price of XRP has surged by over 280% in less than a month, reflecting the strength of its current uptrend. Analysts are closely monitoring whether XRP can break above the psychological $2 mark, a level that would signal a continuation of its rally toward multi-year highs. Related Reading: Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook The bullish sentiment surrounding XRP is further supported by increasing trading volume and strong demand from both retail and institutional investors. As the token approaches multi-year highs, the focus shifts to whether it can sustain this rally and break through the crucial resistance zone. For now, XRP continues to show remarkable resilience and upward potential, positioning itself as a standout performer in the crypto market. Technical Details XRP is trading at $1.93, following a remarkable 16% surge yesterday and an additional 7% rise today. The cryptocurrency continues its aggressive push toward the critical $2 level, capturing the attention of analysts and investors alike. This sustained rally reflects growing confidence in XRP’s potential as it tests supply zones that once marked last cycle’s peak. Despite the bullish momentum, there’s a strong possibility that XRP may consolidate below the $2 mark for a few days. Such a pause could set the stage for a more explosive move as the broader crypto market gears up for a potential breakout. Historically, consolidations at key resistance levels often precede significant price rallies, and the current setup aligns with this pattern. Related Reading: Ethereum Eyes $3,900 – Key Resistance Break Could Spark A Surge XRP’s aggressive break above the $1.62 level was a pivotal moment, reinforcing bullish sentiment across the market. Many investors now expect XRP to challenge and surpass its previous cycle’s all-time high (ATH), setting the stage for a new price discovery phase. With momentum on its side and increasing interest from both retail and institutional players, XRP’s path forward could redefine its position in the market, marking a significant milestone in its price journey. Featured image from Dall-E, chart from TradingView
Crypto analyst Vincent has given reasons why the XRP price could rally to as high as $10,000 at some point. This comes amid the recent XRP rally, with the crypto now targeting its current all-time high (ATH) of $3.8. Why The XRP Price Can Reach $10,000 In an X post, Vincent revealed that he had consulted with ChatGPT, and the AI chatbot had told him that the XRP price could easily reach $10,000 per coin. XRP’s market cap is one reason that has been used as an argument as to why the crypto can’t achieve such a price level. The analyst stated that ChatGPT also invalidated the market cap argument, stating that monetary market cap is an invalid metric. Related Reading: Cardano Price Breakout: Bull Flag Rally Points To Another 50% Surge Vincent failed to provide a timeline for when ChatGPT said the XRP price could reach such an ambitious price target. However, he mentioned that he had discussed Ripple with the AI chatbot. This suggests that ChatGPT might have considered Ripple’s influence before making this $10,000 prediction. Indeed, Ripple could play a major role if the XRP price is to come close to or reach this $10,000 target. While predicting that XRP can reach $1,000, crypto analyst CryptoTank alluded to Ripple payments service and cited an instance where the crypto firm’s payment rails are used to process most cross-border transactions. XRP’s use case will increase as Ripple’s payment service enjoys mass adoption, providing a bullish outlook for the XRP price. Meanwhile, it is also worth mentioning the XRP ETFs, which are also bullish. The US Securities and Exchange Commission (SEC) could approve these funds next year, especially with reports that pro-crypto Paul Atkins could replace Gary Gensler. These funds would drive institutional inflows into the XRP ecosystem, sparking a significant price rally. However, it remains to be seen if they could drive the crypto to five figures. A Rally To Double Digits In This Cycle Amid this lofty XRP price prediction of $10,000, crypto analyst Mikybull Crypto has predicted that the crypto could rally to double digits in this market cycle. This came as the analyst stated that XRP was giving 2017 kind of rally vibes, indicating that the crypto could replicate its legendary rally of over 61,000% in that 2017 bull run. Related Reading: Bitcoin Price Rejection At $99,000: Temporary Or End Of The Bull Rally? In line with this, the crypto analyst predicted that XRP price would hit $2, experience a pullback, and then continue its vertical hated rallies to a new cycle top of probably $10. Using the Elliott Wave theory, crypto analyst Dark Defender predicted that XRP could rally as high as $18 in this bull run. At the time of writing, the XRP price is trading at around $1.90, up over 18% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Ripple Labs is on the verge of receiving approval from New York’s top crypto regulator for its new stablecoin, RLUSD. According to a Fox Business report, the New York Department of Financial Services (NYDFS) is expected to greenlight the stablecoin, with a potential launch date set for December 4. Ripple Set To Launch RLUSD Stablecoin […]
A crypto analyst has shared a technical analysis of the XRP price in a 4-hour time frame. Currently, the XRP chart highlights distinct patterns in market behaviour, suggesting that historical price action may be repeating itself. The analyst predicts that if the cryptocurrency can successfully replicate these bullish historical patterns, it could trigger an upward surge for XRP. XRP Price Patterns Signal Bullish Potential Richard, the crypto analyst on TradingView, popularly known as ‘The Signalyst,’ has declared that history is repeating itself in the XRP price chart. The analyst shared a detailed analytical report on XRP, predicting its future target while examining critical aspects of its current price action. Related Reading: Bitcoin Price Rejection At $99,000: Temporary Or End Of The Bull Rally? According to Richard, the XRP 4-hour chart reveals an intriguing pattern characterised by lower lows and a sharp bullish impulse. The two red arrows labeled “LL” on the price chart indicate areas where the XRP price made lower lows mid-November, signaling a correction or a trend reversal. This downward trend was quickly followed by a period of consolidation within a defined range seen in the green zone on the chart. After experiencing lower lows and bearish momentum, Richard pinpointed that the XRP price entered a corrective phase, stabilizing within the aforementioned green zone. Eventually, XRP broke above this green resistance range, triggering a bullish impulse that pushed the cryptocurrency to its previous price high of $1.5. Although the XRP price has corrected again and was trading at around $1.4 earlier this week, Richard has highlighted that the cryptocurrency seems to be repeating the above historical set-up. Its price has entered a new consolidation phase just below the $1.53 level, signaling the start of its next bullish movement. Should the XRP price repeat this pattern and break above the $1.53 threshold, the analyst suggests that this would validate XRP’s anticipated bullish impulse position and pave the way for a potential rally toward the $2 psychological level. Analyst Labels XRP At $1.4 A Bargain Buy Steph, a crypto analyst on X (formerly Twitter), has called the XRP price a bargain buy at $1.4. Following its surge above $1.5 earlier this month, the XRP price witnessed a slight trend reversal, pushing it down to $1.4. Related Reading: Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000 Steph disclosed that the $1.4 XRP price was a prime buying opportunity for investors, as a breakout to the upside was about to begin. Concerning the predicted breakout, it seems the analyst was spot on, as the XRP price is currently trading at $1.6, marking an 8.7% increase in the last 24 hours. While XRP continues to gain momentum, Steph predicts that the cryptocurrency could soon see an explosive increase to $50. With this bullish scenario in mind, Richard has urged investors to start buying XRP before further adoption drives its price into “the very expensive range,” between $22 and $120. Featured image created with Dall.E, chart from Tradingview.com
Ripple has secured a major win in the class action suit against the crypto firm, XRP II LLC, and CEO Brad Garlinghouse. This win provides a bullish outlook for the XRP price, which analysts say is well primed for another leg to the upside. Ripple Secures Major Win In Class Action Suit The court in […]
XRP price is rising and gaining pace above the $1.480 zone. The price is showing positive signs and might soon aim for a breakout above the $1.60 level. XRP price is eyeing a fresh increase above the $1.5850 resistance zone. The price is now trading above $1.520 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1.4450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain momentum if it clears the $1.600 resistance. XRP Price Starts Fresh Increase Above $1.50 XRP price remained supported near the $1.400 zone. It formed a base and recently started an upward move like Bitcoin and like Ethereum. There was a move above the $1.420 and $1.4350 resistance levels. There was a break above a key bearish trend line with resistance at $1.4450 on the hourly chart of the XRP/USD pair. The pair was able to clear the $1.50 level. There was a clear move above the 61.8% Fib retracement level of the downward move from the $1.6339 swing high to the $1.2594 low. The price is now trading above $1.50 and the 100-hourly Simple Moving Average. It is also above the 76.4% Fib retracement level of the downward move from the $1.6339 swing high to the $1.2594 low. On the upside, the price might face resistance near the $1.5850 level. The first major resistance is near the $1.600 level. The next key resistance could be $1.6350. A clear move above the $1.6350 resistance might send the price toward the $1.6650 resistance. Any more gains might send the price toward the $1.680 resistance or even $1.6920 in the near term. The next major hurdle for the bulls might be $1.70. Another Pullback? If XRP fails to clear the $1.600 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.500 level. The next major support is near the $1.480 level. If there is a downside break and a close below the $1.480 level, the price might continue to decline toward the $1.4550 support. The next major support sits near the $1.400 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.5000 and $1.4800. Major Resistance Levels – $1.6000 and $1.6350.
XRP price is consolidating near the $1.450 zone. The price is showing positive signs and might soon aim for a fresh move above the $1.50 level. XRP price is eyeing a fresh increase above the $1.465 resistance zone. The price is now trading above $1.450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1.4580 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain momentum if it clears the $1.500 resistance. XRP Price Holds Gains Above $1.40 XRP price remained supported near the $1.30 zone. It formed a base and recently started an upward move like Bitcoin and like Ethereum. There was a move above the $1.3550 and $1.3750 resistance levels. There was a break above a key bearish trend line with resistance at $1.4580 on the hourly chart of the XRP/USD pair. The pair was able to clear the $1.50 level. A high was formed at $1.5238 and the price is now consolidating near the 23.6% Fib retracement level of the upward move from the $1.2828 swing low to the $1.5238 high. The price is now trading above $1.45 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.500 level. The first major resistance is near the $1.5250 level. The next key resistance could be $1.550. A clear move above the $1.550 resistance might send the price toward the $1.5850 resistance. Any more gains might send the price toward the $1.600 resistance or even $1.620 in the near term. The next major hurdle for the bulls might be $1.650 or $1.6550. Another Decline? If XRP fails to clear the $1.500 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.4300 level. The next major support is near the $1.40 level or the 50% Fib retracement level of the upward move from the $1.2828 swing low to the $1.5238 high. If there is a downside break and a close below the $1.40 level, the price might continue to decline toward the $1.3750 support. The next major support sits near the $1.350 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.4300 and $1.4000. Major Resistance Levels – $1.5000 and $1.5250.
The XRP price is consolidating just below the $1.4 mark, but the technical structure continues to show bullish strength. Interestingly, XRP has been down by about 4.35% in the past 24 hours, reaching a 24-hour low of $1.296, according to Coinmarketcap data. According to an XRP analysis on TradingView, the technical setup is still pointing to a continued price surge. The analysis suggests that XRP could soon rally further, with a near-term price target set at $1.90. XRP Price Bullishness Continues The XRP price surge earlier this month was very unprecedented. Particularly, the XRP price surged from a low of $0.4976 on November 3 to reach a three-year high of $1.6 on November 23. This translates to a 220% price increase in over 20 days. Related Reading: Bitcoin Price Closes Above Bull Channel, Crypto Analyst Reveals What’s Next However, since it reached this three-year high, XRP has entered a correction phase, retreating by almost 20%. Despite this price correction, XRP has largely traded above a main trendline that has propped up the price during the journey up. As it stands, technical analysis shows that the XRP price is about to bounce off or break below this trendline, which could make or do its price trajectory from here. An adherence to this main trendline would see XRP bouncing up to the upside, much like it did on November 24. After bouncing up at this point, XRP continued from a low of $1.2775 to retest the $1.54 price level again on November 24. Now, with the XRP price retesting this major trendline, the more bullish option is an immediate bounce to the upside. A break to the upside would see XRP resuming its uptrend up to the $1.9 price level. Keeping this in mind, the analyst emphasized critical price zones that could shape XRP’s trajectory in the coming sessions. The range between $1.520 and $1.620 has been identified as a crucial area where the price could encounter strong resistance in the coming sessions. Related Reading: What The 50-Day Moving Average At $0.22 Says About The Dogecoin Price What’s Next For XRP? At the time of writing, XRP is trading at $1.39 and is still trading around this main trend line. However, the price has yet to show a decisive bounce from this level. Particularly, current price action points to a continued consolidation in the past few hours. While the XRP price continues to exhibit signs of bullishness, there exists the possibility of a break to the downside. This break to the downside would be highlighted by a daily close below $1.38. Should this occur, XRP is likely to extend its decline with a retest of the next significant support at $1.32. Featured image created with Dall.E, chart from Tradingview.com
XRP price is consolidating near the $1.400 zone. The price must clear the $1.4550 resistance zone to start a fresh increase in the near term. XRP price is struggling to gain pace for a move above the $1.50 level. The price is now trading below $1.450 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $1.4550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain traction if it clears the $1.4550 resistance. XRP Price Stuck Below $1.50 XRP price struggled to gain pace for a move above the $1.50 level. It dipped again and even spiked below the $1.30 level. A low was formed at $1.2828 and the price is now recovering losses unlike Bitcoin and like Ethereum. There was a move above the $1.3250 and $1.340 resistance levels. The price tested the 50% Fib retracement level of the downward move from the $1.5389 swing high to the $1.2828 low. However, the bears seem to be active near the $1.420 resistance zone. The price is now trading below $1.45 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.420 level. The first major resistance is near the $1.450 level or the 61.8% Fib retracement level of the downward move from the $1.5389 swing high to the $1.2828 low. There is also a key bearish trend line forming with resistance at $1.4550 on the hourly chart of the XRP/USD pair. The next key resistance could be $1.50. A clear move above the $1.50 resistance might send the price toward the $1.550 resistance. Any more gains might send the price toward the $1.600 resistance or even $1.620 in the near term. The next major hurdle for the bulls might be $1.650 or $1.6550. Another Drop? If XRP fails to clear the $1.4550 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.3200 level. The next major support is near the $1.30 level. If there is a downside break and a close below the $1.30 level, the price might continue to decline toward the $1.2800 support. The next major support sits near the $1.2650 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.3200 and $1.3000. Major Resistance Levels – $1.4200 and $1.4550.
The resignation of Gary Gensler as the Chair of the US Securities and Exchange Commission (SEC), effective January 20th -the same day President-elect Donald Trump is set to be inaugurated – is set to be a monumental day for the XRP community. In his latest video, crypto analyst Rodney (@cryptojourneyrs) shared an analysis of the price potential in the post-Gensler era. At the time of his analysis, XRP was trading at $1.43, reflecting a remarkable 172% increase over the past month. The market capitalization had soared to $81 billion, accompanied by $22 billion in daily trading volume. “XRP is starting to return to its normal spot in crypto, being one of the dominant altcoins,” Rodney remarked. Why XRP Is Poised To Surge Higher In his video, Rodney suggests that Trump’s promise to fire Gensler on his first day in office may have influenced Gensler’s decision to resign preemptively. “Gary Gensler is going to be stepping down from his role as the chair of the SEC January 20th, the same day Trump is going to be inaugurated,” Rodney stated. “Trump promised to fire Gary Gensler on day one, so I think Gary Gensler wanted to go out on his shield and resign on his own.” Related Reading: XRP Analyst Sets $2 Target If It Holds Key Level – Can It Reach Multi-Year Highs? Reflecting on the SEC’s lawsuit against Ripple, Rodney noted the significant impact it had on the price and market perception. “When the SEC sued Ripple, [XRP] price dipped 50%. This was one of many lawsuits that the SEC and Gary Gensler filed against many different crypto projects. It seemed like they were trying to regulate the space out of existence,” Rodney stated. He pointed out that despite the legal challenges, XRP remained a top cryptocurrency. “Even through all the BS, XRP has still been a top crypto and it really hasn’t fallen out of the top 10 in many years,” he said. Rodney also discussed Ripple’s partial victory against the SEC in July 2023, which set a significant precedent in the crypto industry. However, he expressed surprise that the price did not react more positively at the time. “When we heard about that news of them partially beating the SEC, XRP started to pump to around $0.67 but then promptly dipped down to about $0.50 and didn’t really do anything,” he observed. “It wasn’t moving with the cryptocurrency market at all… It was a running joke that it was kind of our favorite stablecoin.” Turning to the political landscape, Rodney explained: “Donald Trump actually ended up destroying Kamala Harris and is going to be the next president of the United States,” he stated. He emphasized Trump’s pro-crypto stance, noting that he was “much more open about supporting crypto” and was “the first president to purchase anything with cryptocurrency.” Rodney highlighted the involvement of various crypto projects in political campaigns, mentioning that “many cryptocurrency products were funding both candidates’ campaigns behind the scenes.” Related Reading: XRP To Hit $40 In 3 Months But On This Condition – Analyst With the political shift, Rodney expressed optimism about the future integration of cryptocurrency into government systems. “Now more than ever, it seems like cryptocurrency is going to be involved with our government, and in my opinion, XRP is going to be up there with the top projects,” he asserted. He elaborated on XRP’s core objectives, stating, “What is XRP trying to do? They want to be used for international money transfers […] They want to enable fast and low-cost international money transfers and currency exchanges.” He suggested that with supportive figures in government, XRP could realize this potential. How High Can XRP Price Go? Rodney also delved into his price predictions for XRP, considering various market capitalization scenarios. If XRP were to achieve Ethereum’s market cap of approximately $400 billion, it would result in a 4.9x increase from its current price, bringing XRP to around $6.98. “Say, for example, XRP becomes a part of our government and we actually use it for its real utility. Everyone uses it, and it magically got the same market cap size of Ethereum,” he speculated. Imagining XRP reaching Bitcoin’s market cap of about $2 trillion, he calculated a 24x increase, which would place XRP at approximately $33. “Let’s fantasize a little crazier […] Say we gave it Bitcoin’s market cap size that’s currently sitting around $2 trillion,” he mused. He considered a $10 XRP, corresponding to a $600 billion market cap, as a reasonable possibility. “I think that a $10 XRP or an XRP with a $600 billion market cap size is reasonable,” he concluded. However, Rodney acknowledged the challenges inherent in these predictions, noting that “it would be tough for any cryptocurrency project to hit those market cap sizes because Bitcoin’s dominating the entire market right now.” At press time, XRP traded at $1.40. Featured image created with DALL.E, chart from TradingView.com
XRP price is consolidating gains near the $1.450 zone. The price must clear the $1.50 resistance zone to start a fresh increase in the near term. XRP price is attempting a fresh increase from the $1.300 level. The price is now trading near $1.450 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $1.50 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is showing positive signs and might eye a fresh increase above the $1.50 resistance. XRP Price Holds Gains XRP price formed a base above $1.30 and started a fresh increase. There was a move above the $1.350 and $1.42 resistance levels. It even pumped above the $1.45 level, beating Ethereum and Bitcoin in the past two sessions. The price spiked above the 61.8% Fib retracement level of the downward move from the $1.6340 swing high to the $1.3007 low. However, the bears seem to be active near the $1.50 resistance zone. There is also a key contracting triangle forming with resistance at $1.50 on the hourly chart of the XRP/USD pair. The price is now trading near $1.45 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.4680 level. The first major resistance is near the $1.50 level. The next key resistance could be $1.550 or the 76.4% Fib retracement level of the downward move from the $1.6340 swing high to the $1.3007 low. A clear move above the $1.550 resistance might send the price toward the $1.6350 resistance. Any more gains might send the price toward the $1.680 resistance or even $1.6850 in the near term. The next major hurdle for the bulls might be $1.720 or $1.750. Are Dips Supported? If XRP fails to clear the $1.50 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.400 level and the triangle’s lower trend line. The next major support is near the $1.380 level. If there is a downside break and a close below the $1.380 level, the price might continue to decline toward the $1.3200 support. The next major support sits near the $1.2650 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.4000 and $1.3800. Major Resistance Levels – $1.5000 and $1.5500.
On Monday, it was announced that asset manager WisdomTree has entered the race for a spot XRP ETF. The move comes at a pivotal time, marked by expected leadership changes at the US Securities and Exchange Commission (SEC) and the recent election of Donald Trump. XRP ETF Applications Surge WisdomTree joins a growing list of […]
XRP price surged further above the $1.45 and $1.50 resistance levels. The price is now consolidating gains near $1.40 and might aim for more upsides. XRP price started a fresh surge above the $1.40 resistance level. The price is now trading above $1.350 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $1.450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is showing positive signs and might extend its rally above the $1.450 resistance. XRP Price Holds Gains XRP price formed a base above $1.250 and started a fresh increase. There was a move above the $1.350 and $1.40 resistance levels. It even pumped above the $1.50 level, beating Ethereum and Bitcoin in the past two days. A high was formed at $1.6339 before there was a pullback. The price dipped below the $1.50 support level. A low was formed at $1.3007 and the price is now rising. There was a move above the 23.6% Fib retracement level of the downward move from the $1.6339 swing high to the $1.3007 low. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.420 level. The first major resistance is near the $1.450 level. There is also a new connecting bearish trend line forming with resistance at $1.450 on the hourly chart of the XRP/USD pair. It is close to the 50% Fib retracement level of the downward move from the $1.6339 swing high to the $1.3007 low. The next key resistance could be $1.500. A clear move above the $1.50 resistance might send the price toward the $1.5550 resistance. Any more gains might send the price toward the $1.620 resistance or even $1.650 in the near term. The next major hurdle for the bulls might be $1.750 or $1.80. Are Dips Limited? If XRP fails to clear the $1.450 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.3450 level. The next major support is near the $1.320 level. If there is a downside break and a close below the $1.320 level, the price might continue to decline toward the $1.300 support. The next major support sits near the $1.240 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.4200 and $1.4000. Major Resistance Levels – $1.4500 and $1.5000.
XRP has emerged as a standout leader in the recent crypto rally, delivering massive gains and fueling optimism among investors. The price has skyrocketed by an astonishing 225% in under three weeks, showing no signs of slowing down as momentum builds. This surge has positioned it as a top-performing altcoin, capturing the attention of analysts and traders alike. Related Reading: Avalanche Soars 20% In 24 Hours – Analyst Reveals Next Price Target CrediBull, a prominent analyst on X, has shared a detailed technical analysis highlighting XRP’s strong bullish structure. According to his insights, XRP is currently in a well-defined 5-wave impulsive move, a pattern often associated with sustained upward trends. If it continues to hold a critical support level, CrediBull predicts that the price could soar past $2 in the coming weeks, marking a significant milestone for the altcoin. As excitement grows, market participants are closely watching its performance. The ongoing rally suggests that XRP could hit new highs and pave the way for broader altcoin gains. Whether it can maintain its upward trajectory will depend on its ability to sustain key support levels and capitalize on the current bullish sentiment. For now, XRP remains a focal point in the market, with its next moves eagerly anticipated. The Bullish Rally Could Continue The recent bullish phase for XRP might be just the beginning as optimism continues to build among analysts who foresee a higher price in the months ahead. However, key price levels must be tested and maintained for XRP to sustain its momentum and advance to the next leg up. Prominent analyst CrediBull shared his insights on X, revealing that XRP is currently in a clear 5-wave impulsive move, a strong indicator of a bullish trend. According to his technical analysis, this pattern confirms that XRP’s absolute bottom was established at $0.49 earlier this year. He also emphasized the importance of the $1.05 level, the origin of the fifth subwave in this impulsive structure. CrediBull explained that if XRP falls below $1.05, it could signal the start of a larger Wave 2 correction, which would likely precede the next major upward impulse (Wave 3). However, if XRP holds firmly above $1.05, it would indicate that the fifth subwave is extending, potentially pushing the price to $2 or higher before any significant pullback occurs. Related Reading: Massive Ethereum Buying Spree – Taker Buy Volume hits $1.683B In One Hour This analysis reinforces the view that XRP’s current rally may just be the start of a broader bullish trend. Investors are now watching closely to see if XRP can maintain key support levels and confirm its extended move upward. XRP Hits Multi-Year Highs: ATH Next? XRP is trading at $1.45, following an impressive rally that saw the price touch $1.63 yesterday, marking its highest level since May 2021. This milestone has sparked optimism among investors, positioning XRP for a potential run to new all-time highs in the coming months. The sustained upward momentum reflects growing confidence in the price’s bullish trajectory. However, the recent surge also brings the possibility of consolidation. The price might need to cool off and gather strength below the $1.63 mark before continuing its upward movement. Consolidation phases are a natural part of any significant rally and can help establish stronger support levels for future price action. Related Reading: Bitcoin LTHs Start Taking Profits – Metrics Reveal Whales Are Actively Spending The key level to watch remains $1.05, identified as a critical support zone. If the price holds above this mark, it will reinforce its bullish outlook and set the stage for a potential breakout and continuation of its upward trend in the weeks ahead. Analysts believe that maintaining this level would be a strong signal of market confidence, paving the way for XRP to build on its recent gains and target new milestones. Featured image from Dall-E, chart from TradingView
XRP continues to shine as bullish momentum propels the price closer to the $1.7 target. This steady climb highlights the strength of buyer confidence and reinforces the optimism surrounding its upward trajectory. As the cryptocurrency maintains its resilience, investors are eyeing key resistance levels that could pave the way for further gains. Will the token’s […]
Crypto analyst Behdark has predicted that the XRP price can reach $28. This prediction follows his Elliot Wave theory analysis, which also showed when the crypto will reach this double-digit price target. When XRP Price Will Reach Double Digits In a TradingView post, Behdark’s Elliot Wave theory analysis showed that the XRP price can reach […]
XRP remains one of the crypto market’s current trailblazers rising by 23.21% in the past 24 hours. Over the last two weeks, the prominent altcoin has recorded a 154% price gain establishing itself as the sixth-largest cryptocurrency with a market cap of $89.82 billion. With this current momentum and the crypto bull season still in its early stages, analysts remain highly bullish on XRP’s potential to reach lofty price levels. Related Reading: XRP Primed For $100 Price Target – Here’s Why Can XRP Repeat 2017 Historical Price Movement? In an X post on November 22, an analyst with the username CryptoBull stated that XRP could trade at $40 over the next three months if the token mirrors its first prominent price surge from 2017. Data from CoinMarketCap shows that XRP rose $0.006 to a market peak of $0.33 in early 2017, representing a 5,400% gain. Considering its recent price rally, the altcoin may be gathering momentum to reproduce such price movement in a highly anticipated crypto bull run, especially considering recent happenings. Most notably, popular anti-crypto Securities and Exchange Commission Chairman Gary Gensler recently announced his intentions to resign on January 20, a move largely behind the current bullish sentiment among XRP investors considering the Commission’s long-lasting regulatory battle with Ripple. In fact, Gensler’s decision to leave the SEC has been described as the “best thing” for Ripple, which holds significant weight for XRP’s future. Gensler’s resignation coincides with the inauguration of pro-crypto incoming US President-Elect Donald Trump who has promised to introduce a more friendly approach to digital asset regulation in the US. Aside from XRP finally being free from the regulatory scrutiny of the SEC, the potential introduction of a spot ETF under Trump’s pro-crypto regime also contributes to bullish sentiments on the altcoin’s profitability. According to CryptoBull, if XRP follows its price explosion from early 2017, the token is expected to hit a price target of $1.96 in November, $6.30 in December, and $40 in January. Related Reading: XRP Binance Inflows Spike: What It Means For Price Price Resistance Levels In XRP’s Dream Surge While XRP presents much potential for a high price target, CryptoBull predicts the token to face significant resistance at the $1.96 price region. If buying pressure proves sufficient to move past this level, the analyst expects XRP to confront another resistance at $3.84 which represents the token’s current all-time high price. Considering the current robust bullish sentiments in the market, the altcoin is likely to move past these highlighted resistance levels. However, the token’s Relative Strength Index remains far in the overbought zone (91.73) indicating significant potential for a price pullback. At the time of writing, XRP continues to trade at $1.78 reflecting a 79.57% gain in the past week. Meanwhile, the token’s daily trading volume is up by 103.57% and valued at $20.29 billion. Featured image from Trackinsight, chart from Tradingview
On Thursday, the XRP price soared to $1.41, marking its highest trading value in over three years. This surge coincides with a shifting regulatory landscape in the United States, spurred by the anticipated administration of President-elect Donald Trump. During his campaign, Trump pledged to position America as the “crypto capital of the world,” a promise that is beginning to resonate with market participants even before his inauguration on January 20, 2025. Gensler Sets Last Day At SEC For January 20 In recent weeks, the cryptocurrency market has seen a notable uptrend, with Bitcoin leading the charge and achieving consecutive all-time highs. This momentum is in part a response to the positive sentiment surrounding Trump’s pro-crypto promises, which is expected to facilitate a more favorable environment for digital assets. Related Reading: FTX Provides Details On $16 Billion Distribution Timeline For Customers And Creditors Central to this optimism is the expected departure of Gary Gensler, the current chair of the US Securities and Exchange Commission (SEC). Gensler has been criticized for fostering an unclear regulatory environment that many argue has stifled the growth of cryptocurrencies in the US. For XRP and Ripple Labs, this scrutiny has been particularly pronounced over the past four years under the Biden administration. Trump previously vowed to remove Gensler from his position, a move that many in the crypto community view as a necessary step toward clearer regulations. Yet, on the same day as Trump’s anticipated inauguration, Gensler confirmed that January 20, 2025, will be his last day at the SEC. His resignation preempts what many experts speculated could be a contentious conflict if he remained in office while Trump sought to replace him. XRP Price Surges Nearly 30% In 24 Hours This shift in the regulatory landscape in the US has contributed to a clearer outlook for digital assets, as reflected in XRP price movements. In the past 24 hours alone, XRP recorded gains of nearly 30%, and over the past week, it has increased more than 70%. Crypto analyst Ali Martinez recently shared his views on X (formerly Twitter), stating that Gensler’s exit could be highly beneficial for both Ripple Labs and the XRP price, which he believes is now targeting $2. Related Reading: Ethereum Sees Neutral Netflow On Binance: What Does This Signal? Another analyst, CrediBull, echoed this sentiment, noting that XRP’s monthly Relative Strength Index (RSI) is approaching overbought territory for the first time in three years. The analyst emphasized that a higher RSI typically indicates stronger momentum and bullish prospects for the asset, absent any bearish divergences. CrediBull suggested that the next significant target for XRP is $2, with aspirations for new all-time highs thereafter. Currently, the token’s all-time high stands at $3,040, which was reached nearly seven years ago in January 2018. This means that the XRP price could be in for a massive 150% uptrend in the coming months. Featured image from DALL-E, chart from TradingView.com
XRP price rallied above the $1.15 and $1.20 resistance levels. The price is up over 25% and might rise further above the $1.420 resistance. XRP price started a fresh surge above the $1.20 resistance level. The price is now trading above $1.250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1.1400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is up over 25% and it seems like the bulls are not done yet. XRP Price Eyes Steady Increase XRP price formed a base above $1.050 and started a fresh increase. There was a move above the $1.150 and $1.20 resistance levels. It even pumped above the $1.25 level, beating Ethereum and Bitcoin in the past two sessions. There was also a break above a key bearish trend line with resistance at $1.1400 on the hourly chart of the XRP/USD pair. A high was formed at $1.4161 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $1.0649 swing low to the $1.4161 high. The price is now trading above $1.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.400 level. The first major resistance is near the $1.420 level. The next key resistance could be $1.450. A clear move above the $1.450 resistance might send the price toward the $1.50 resistance. Any more gains might send the price toward the $1.550 resistance or even $1.620 in the near term. The next major hurdle for the bulls might be $1.750 or $1.80. Are Dips Supported? If XRP fails to clear the $1.420 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.3350 level. The next major support is near the $1.2850 level. If there is a downside break and a close below the $1.2850 level, the price might continue to decline toward the $1.240 support or the 50% Fib retracement level of the upward move from the $1.0649 swing low to the $1.4161 high in the near term. The next major support sits near the $1.20 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.3350 and $1.2850. Major Resistance Levels – $1.4000 and $1.4200.