bullish

Donald Trump

<p>Ripple’s native token, XRP is making waves in the cryptocurrency realm after Donald Trump <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">won the U.S. presidential election</a>. With this notable rally and bullish outlook, XRP has now reached a level where there is a high possibility it could skyrocket in the coming days.</p>   
<h2 class="wp-block-heading" id="h-xrp-technical-analysis-and-upcoming-levels-nbsp"><strong>XRP Technical Analysis and Upcoming Levels&nbsp;</strong></h2>   
<p>According to CoinPedia’s technical analysis, XRP is currently facing strong resistance near the $0.75 level. Historically, this level acted as a strong selling pressure, which resulted in a price decline. However, the asset price reached this level after March 2024, and the sentiment has shifted, with investors' and traders' interest now focused on the next level.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/11/13081808/XRPUSDT_2024-11-13_08-17-56.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/13081808/XRPUSDT_2024-11-13_08-17-56-1024x448.png" alt="" class="wp-image-379085"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>   
<p>Based on the recent price action and historical momentum, if XRP breaches the resistance level and closes a daily candle above the $0.76 level, there is a strong possibility it could soar by 75% to reach the $1.36 level in the coming days.&nbsp;</p>   
<p>However, this target may not be easy to achieve, as there is a resistance level near the $0.95 level, which could create a hurdle and potentially stop XRP from rallying.&nbsp;</p>   
<p>Currently, XRP is trading above the 200 Exponential Moving Average (EMA) on both daily and weekly time frames. Meanwhile, its <a href="https://coinpedia.org/traders/what-is-relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index</a> (RSI) suggests potential bullish momentum in the coming days, as it is in oversold territory.</p>   
<h2 class="wp-block-heading" id="h-bullish-on-chain-metrics-nbsp"><strong>Bullish On-Chain Metrics&nbsp;</strong></h2>   
<p>Besides the bullish technical analysis, <a href="https://www.coinglass.com/currencies/XRP" target="_blank" rel="noreferrer noopener nofollow">on-chain metrics</a> further support XRP’s positive outlook. According to the on-chain analytics firm Coinglass, the asset's open interest (OI) has skyrocketed by 22% in the past 24 hours and 7.25% in the past four hours.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/11/13081853/image-206.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/13081853/image-206-1024x358.png" alt="" class="wp-image-379086"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>   
<p>This rising OI suggests that traders are strongly participating in XRP tokens as it approach the breakout level, which is a bullish sign.</p>   
<p>At press time, major liquidation levels are at $0.657 on the lower side and $0.736 on the upper side, with traders over-leveraged at these levels, according to Coinglass data. The data suggests that $47.56 million and $31.72 million worth of open positions are currently at the liquidation levels, which will be liquidated if the XRP price moves in either direction.</p>   [post_titles_links postid="379093"]   
<h3 class="wp-block-heading" id="h-current-price-momentum-nbsp"><strong>Current Price Momentum&nbsp;</strong></h3>   
<p>At press time, XRP is trading near $0.68 and has experienced a price surge of 13.5% in the past 24 hours. During the same period, its trading volume jumped by 170%, suggesting heightened participation from traders and investors amid a potential breakout.</p>

Ripple XRP Price Aims For 75% Rally, A Technical and On-Chain Breakdown

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