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<p>With a massive bullish surge of 78.74% last week, the altcoin has reclaimed the $1 psychological mark. Before this, the XRP price shot up 17.24% in early November.&nbsp;</p>   
<p>As XRP stands at a crucial crossroads, will the uptrend reach the $1.56 mark? Let’s look at Coinpedia’s XRP techncial analysis, which is filled with technical insights and price targets.</p>   
<h2 class="wp-block-heading" id="h-xrp-price-tests-23-60-fibonacci-level-after-triangle-breakdown">XRP Price Tests 23.60% Fibonacci Level After Triangle Breakdown</h2>   
<p>In the weekly chart, the XRP price trend shows a triangle breakout rally gaining momentum.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/20181937/gGhwEdYH-1024x509.webp" alt="XRP Price chart" class="wp-image-382552">
</figure>   
<p><a href="https://www.tradingview.com/x/gGhwEdYH/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>Currently, the XRP price is trading at $1.11, with a 5.37% gain this week. With the bullish recovery, the triangle breakout rally has surpassed the 61.80% Fibonacci level at $1.08.</p>   
<p>Furthermore, the higher price selection in the two weekly candles faces opposition from the $1.29 or the 78.60% Fibonacci level.&nbsp;</p>   
<h3 class="wp-block-heading" id="strong-technical-indicators-strong"><strong>Technical Indicators:</strong></h3>   
<p><strong>EMA: </strong>The increased bullish influence has resulted in a positive crossover within the 50-week and 100-week EMA lines. Additionally, the uptick in the 50-week, 100-week, and 200-week EMA signals a healthy positive alignment.&nbsp;</p>   
<p><strong>MACD: </strong>The MACD indicator shows a bullish crossover with a sharp surge in the MACD and signal lines. &nbsp;</p>   
<h2 class="wp-block-heading" id="h-will-xrp-price-fall-under-0-50">Will XRP Price Fall Under $0.50?</h2>   
<p>With the bullish recovery at play, XRP has now recorded a new 52-week high of $1.2654. This is the highest price for XRP since November 2021.&nbsp;</p>   
<p>Based on the Fibonacci retracement levels, the upside price targets for XRP are $1.56 and $2.34. In case of a bullish failure, a potential retest of the 50% Fibonacci level at $0.9318 is possible.</p>   
<p>Worried about XRP in the long run? Read Coinpedia’s <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">Ripple (XRP) Price Prediction</a> for 2024-2030 and subscribe to us for the latest crypto updates.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732107052593">
  <strong class="schema-faq-question">What is the current trend for XRP?</strong> 
  <p class="schema-faq-answer">XRP has broken out of a triangle pattern, gaining 78.74% last week, reclaiming the $1 psychological mark, and trading at $1.11.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732107058526">
  <strong class="schema-faq-question">What are the upside targets for XRP?</strong> 
  <p class="schema-faq-answer">Based on Fibonacci retracement, XRP is targeting $1.56 and $2.34, supported by a positive EMA alignment.<br></p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732107058960">
  <strong class="schema-faq-question">What happens if XRP faces a pullback?</strong> 
  <p class="schema-faq-answer">In case of a bearish reversal, XRP may retest the 50% Fibonacci level at $0.9318 for support.</p> 
 </div> 
</div>

Triangle Breakout Fuels XRP Price Run: $1.56 Target in Sight?

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