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<p>Ripple has seen a slight rejection at the crucial $1.3 resistance, leading to a temporary period of consolidation. Nevertheless, a continuation of the corrective phase is expected for the short term, with the price’s primary target being the $0.9 support region.</p>
<h1 id="xrp-price-analysis">XRP Price Analysis</h1>
<p>By Shayan</p>
<h2 id="the-daily-chart">The Daily Chart</h2>
<p>Ripple recently surged to test the critical $1.3 resistance zone, a level closely aligning with its prior all-time high. This price range is pivotal, as reclaiming it could open the path toward a new all-time high by year-end. However, the $1.3 level is also laden with selling pressure and supply, leading to a slight rejection.</p>
<p>The rejection signals the start of a corrective consolidation phase as the market digests the recent impulsive rally.</p>
<p>This correction is supported by the RSI indicator, which shows overbought conditions, reinforcing the expectation of a temporary retracement. For the short term, XRP is likely to consolidate within the $0.9-$1.3 range. This phase is necessary to prepare the market for the next potential bullish breakout while relieving overbought pressures.</p>
<figure id="attachment_371595" aria-describedby="caption-attachment-371595" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-D-4-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-371595" class="wp-caption-text">
  Source: TradingView
 </figcaption>
</figure>
<h2 id="the-4-hour-chart">The 4-Hour Chart</h2>
<p>On the 4-hour timeframe, Ripple’s rejection at the $1.3 resistance is more pronounced, with the price entering a sideways consolidation characterized by minimal volatility. This phase is crucial for stabilizing the market and sustaining a long-term bullish structure.</p>
<p>The most likely scenario includes a deeper retracement toward the $0.9-$1.0 region, aligning with Ripple’s prior swing highs and the critical 0.5 ($0.88) and 0.618 ($0.78) Fibonacci retracement levels. These levels act as robust support zones, providing a foundation for Ripple to resume its upward trajectory.</p>
<p>This corrective phase is essential for ensuring a healthy uptrend, mitigating the risk of overextension, and allowing Ripple to consolidate momentum before attempting to breach the $1.3 resistance and aim for new highs.</p>
<figure id="attachment_371596" aria-describedby="caption-attachment-371596" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-4-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-371596 size-full" src="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-4-scaled.jpg" alt="xrp_price_chart_2111242" width="2560" height="1307" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-4-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-4-300x153.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-4-1024x523.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-4-768x392.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-4-1536x784.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-4-2048x1046.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-4-50x26.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <figcaption id="caption-attachment-371596" class="wp-caption-text">
  Source: TradingView
 </figcaption>
</figure>
<p>The post <a href="https://cryptopotato.com/ripple-price-analysis-is-xrp-on-the-verge-of-a-massive-rally/" rel="noopener noreferrer nofollow">Ripple Price Analysis: Is XRP on the Verge of a Massive Rally?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple Price Analysis: Is XRP on the Verge of a Massive Rally?

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