bullish

Dark

Bull Flag

Resistance

<p>After a seven-year struggle, XRP has broken the multi-year resistance level of $0.6649, signaling a promising bullish trend. This breakthrough, highlighted by crypto analyst Dark Defender on Twitter, has cleared the <a href="https://captainaltcoin.com/xrp-primed-for-major-move-as-key-technical-indicators-show-bullish-potential/" target="_blank" rel="noopener noreferrer nofollow">path for XRP</a> to potentially reach $1.03 if it surpasses minor resistances in the coming days.&nbsp;</p>
<p>With the current Relative Strength Index (RSI) indicating an overbought status, investors are closely watching for signs of sustained growth, as any correction may impact XRP’s upward trajectory.</p>
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   <p lang="en" dir="ltr">Morning, afternoon, goodnight,<a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> closed 2 days in a row above $0.6649. <br>Now we can say this Fibonacci Level is dead, too.<br><br>There are no more substantial levels than this until $1.03. If we see touches above $0.7496, such as $0.76 or more, we can quickly expect the $1.03 this… <a href="https://t.co/P1AMcGzCsa" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/P1AMcGzCsa</a></p>— Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1856992972220318140?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 14, 2024</a>
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<h2 class="wp-block-heading" id="strong-fibonacci-levels-and-bull-flag-formation-indicate-a-strong-uptrend-strong"><strong>Fibonacci Levels and Bull Flag Formation Indicate a Strong Uptrend</strong></h2>
<p>Dark Defender’s analysis emphasizes the importance of XRP’s recent close above $0.6649, a Fibonacci level marking a historic resistance point. Following this breakout, the analyst believes the next significant level for <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> is $1.03, with few barriers in between.&nbsp;</p>
<p>The potential formation of a “bull flag” on the chart strengthens this outlook, as bull flags often precede further price gains. In this setup, <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP’s price</a> surged sharply (the flagpole) and is now in a consolidation phase (the flag), signaling a potential continuation of the uptrend if the price breaks upwards.</p>
<p>These Fibonacci retracement levels show previous support and resistance points, but $0.6649 no longer appears to serve as an obstacle due to XRP’s upward movement. If the price surpasses $0.7496, with touches around $0.76, the move toward $1.03 could accelerate.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/kaspa-is-the-bitcoin-alternative-heres-why-kas-price-could-10x-this-cycle/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Kaspa Is the Bitcoin Alternative: Here’s Why KAS Price Could 10x This Cycle</em></strong></a></p>
<h3 class="wp-block-heading" id="strong-rsi-reaches-overbought-territory-suggesting-caution-for-traders-strong"><strong>RSI Reaches Overbought Territory, Suggesting Caution for Traders</strong></h3>
<p>XRP’s current RSI stands at 84%, indicating overbought conditions. Historically, XRP has pushed past similar levels, sometimes reaching an RSI as high as 92%. While this leaves some room for further upside, it also signals potential for a price correction as the market nears overbought extremes.&nbsp;</p>
<p>Traders are thus advised to monitor the RSI, as another spike could push XRP to $1.03 before a correction occurs. The excitement around XRP’s recent milestones is palpable among crypto enthusiasts.&nbsp;</p>
<p>Dark Defender’s analysis encourages traders to stay calm and remain aware of market movements, as optimism builds around the potential $1.03 target. Although the current market momentum is bullish, this sentiment comes with reminders of past resistance and the need for cautious trading amidst heightened volatility.</p>
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<p>The post <a href="https://captainaltcoin.com/xrp-price-hits-multi-year-resistance-break-could-1-03-be-next/" rel="noopener noreferrer nofollow">XRP Price Hits Multi-Year Resistance Break, Could $1.03 Be Next?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

XRP Price Hits Multi-Year Resistance Break, Could $1.03 Be Next?

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