bullish

Rally

Divergence

The XRP price tumbled 2% in the last 24 hours <a href="https://www.geckoterminal.com/bsc/pools/0xd15b00e81f98a7db25f1dc1ba6e983a4316c4cac" rel="noopener noreferrer nofollow">to trade at $1.08</a> as of 02:17 a.m. EST on trading volume that slumped 27% to $5.6 billion.
This comes as the Ripple token price appears to be on the verge of a significant breakout, with Armando Pantoja, an analyst on X, predicting that the XRP price could reach between $8 and $30 from its current level. According to Pantoja, Elliot wave patterns indicate a major rally for XRP is imminent.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Gensler's exit + Elliot Wave patterns signal a huge <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> breakout.
 Key break points: $1.33 &amp; $1.88.
 After $1.88, it’s a clear path back to the ATH of $3.84.
 Targets: $8-$30. Last time we saw this setup, <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> skyrocketed.
 Don’t miss it. <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> <a href="https://twitter.com/hashtag/XRPArmy?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPArmy</a> <a href="https://t.co/aDOuceBQAH" rel="noopener noreferrer nofollow">pic.twitter.com/aDOuceBQAH</a>
 — Armando Pantoja (@_TallGuyTycoon) <a href="https://twitter.com/_TallGuyTycoon/status/1858681541263507467?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 19, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Moreover, the analyst noted that the potential exit of the SEC chair, Gary Gensler, will also help push the XRP price up.
<h2 id="xrp-price-on-a-sustained-rally">XRP Price On A Sustained Rally</h2>
The XRP/USD chart analysis is displaying a strong bullish trend in the recent weeks, evidenced by the parabolic price movement in November. The bulls capitalized on the $0.55 level to push the price of XRP through the sustained rally, according to data from GeckoTerminal.
This is confirmed by the sharp upward slope of the 50-day Simple Moving Average (SMA), which is positioned well above the 200-day SMA. The classic “golden cross” occurred earlier, when the 50-day SMA crossed above the 200-day SMA, forming around $0.55, which confirms the bullish stance.
Meanwhile, the Relative Strength Index (RSI) is at 80, which shows that the market is at extreme overbought levels. This suggests that while the bullish momentum is strong, the asset might be due for a cooldown or price correction in the short term. However, in a strong uptrend like this, RSI can remain overbought for extended periods before a pullback.
The Moving Average Convergence Divergence (MACD) is bullishly aligned, with the MACD line above the signal line, and both lines well above the zero line. This confirms strong bullish momentum. The histogram shows positive momentum increasing sharply, but the leveling off in the histogram bars suggests momentum may begin to fade soon.
XRP recently peaked at $1.20, now serving as immediate resistance. If the bullish trend holds, this level could be the next target.
<figure id="attachment_600767" aria-describedby="caption-attachment-600767" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-600767" src="https://insidebitcoins.com/wp-content/uploads/2024/11/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-11-20_10-17-57-1.png" alt="XRP Price Chart Analysis Source: GeckoTerminal&nbsp;" width="1281" height="476" srcset="https://insidebitcoins.com/wp-content/uploads/2024/11/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-11-20_10-17-57-1.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/11/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-11-20_10-17-57-1-300x111.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/11/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-11-20_10-17-57-1-1024x381.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/11/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-11-20_10-17-57-1-768x285.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-600767" class="wp-caption-text">
 XRPUSD Chart Analysis Source: GeckoTerminal
 </figcaption>
</figure>
Previous resistance levels around $1.00 and $0.80 may now act as support if a pullback occurs. These levels coincide with psychological round numbers and previous consolidation zones.
As the XRP price aims for a sustained rally, investors looking for alternatives may want to consider Crypto All-Stars (STARS), which according to ClayBro, a prominent crypto analyst on YouTube with over 130K subscribers, has the potential to soar 10X after its launch.
<iframe title="Crypto All Stars Prepare For 10x Gains Soon!" width="640" height="360" src="https://www.youtube.com/embed/1dpnX58pTbc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 id="crypto-all-stars-presale-secures-over-4-6-million-best-crypto-to-buy-now">Crypto All-Stars Presale Secures Over $4.6 Million – Best Crypto To Buy Now?</h2>
<a href="https://insidebitcoins.com/visit/cryptoallstars" rel="noopener noreferrer nofollow">Crypto All-Stars ($STARS)</a> is a groundbreaking project that brings the MemeVault ecosystem into the crypto world, allowing investors to stake multiple meme coins in one place for the first time, earning rewards in $STARS tokens.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Why Is Everyone Excited?
 In its initial presale phase, Crypto All-Stars raised over $350k! 💰
 This early success shows that investors see BIG potential here. 🚀
 Could this be the next <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a>? 👀
 — web3telepath (@web3telepath) <a href="https://twitter.com/web3telepath/status/1824051738833260654?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 15, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Supported meme coins include Pepe, Dogecoin, Shiba Inu, Floki, as well as Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. The platform plans to expand its list of stakeable meme coins in the coming months.
Traders can also stake STARS tokens for a huge 389% annual percentage yield (APY).
The project has seen explosive growth, surpassing the $4.6 million milestone today after raising more than $1 million in the past week alone.&nbsp;
Currently, $STARS is available for just $0.0015869. With a price hike due in about 2 days, buy soon to lock in the best deal.
<a href="https://insidebitcoins.com/visit/cryptoallstars" rel="noopener noreferrer nofollow">Purchase $STARS from its official website here using BNB, USDT, or a bank card</a>.
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XRP Price Prediction: Trader Says Elliot Wave Pattern Suggests Huge Breakout For Ripple Token, While Crypto All-Stars Presale Passes $4.6M

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Inside Bitcoins

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