Rally

bullish

Higher

<ul class="wp-block-list">
  
 <li>XRP's monthly RSI nears overbought levels for the first time in three years, signaling strong bullish momentum and investor confidence.</li>   
 <li>A sharp breakout past $1.30 with a 9.53% gain positions XRP for potential resistance at $1.40 and higher targets like $2.</li>   
 <li>Analyst shows XRP’s rally potential to surpass $2, with its strong RSI and buying pressure which may lead to a new all-time high.</li> 
</ul>   
XRP shows bullish momentum, with its monthly RSI nearing overbought territory for the first time in three years. Analysts <a href="https://x.com/CredibleCrypto/status/1859761603408990679" target="_blank" rel="noreferrer noopener">CrediBULL Crypto</a> emphasize this as a highly bullish indicator. XRP recently broke past key resistance levels, reaching $1.26 and suggesting that a broader uptrend is underway. With strong momentum on the USD pairing, targets of $2 and potentially a new all-time high are becoming more likely.   
<h2 class="wp-block-heading" id="h-breakout-signals-fresh-rally">Breakout Signals Fresh Rally</h2>   
The XRP/USD chart highlights a decisive breakout, surpassing $1.30 after weeks of consolidation between $0.40 and $0.80. This breakout reflects a surge in buying pressure, leading to XRP hitting $1.3658, an impressive 9.53% gain. The movement <a href="https://cryptonewsland.com/xrp-approaches-potential-breakout-after-prolonged-consolidation/" target="_blank" rel="noreferrer noopener">broke past the symmetrical triangle pattern</a> that had formed on November 18, 2024. Furthermore, the sharp rise in price broke prior resistance levels, signaling increased confidence among traders.   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeejHfiGxBpZD9mBxkt4CUt5rcQQ6gO9aqWpqNEIF2ite85hG86l0UBciHMI8UreQLhCFBgUCLcueF1EkVc93trmRcYnCnxcKxoa1GvHIRqRuERz--zjVPIV180xKBg3gyAHL33Jg?key=rixZ8XGIAu8R70FaciYkOpuj" alt="">
</figure>   
Source:<a href="https://x.com/CredibleCrypto/status/1859761603408990679" target="_blank" rel="noreferrer noopener"> CredibleCrypto</a>&nbsp;   
Historically, XRP’s major price movements align with RSI peaks. The current RSI level of 68.64 approaches overbought territory, <a href="https://cryptonewsland.com/grayscales-xrp-soars-effectively-as-bullish-momentum-builds-amid-market-volatility/" target="_blank" rel="noreferrer noopener">indicating strong market momentum</a>. Besides, the symmetrical triangle’s resolution has paved the way for XRP’s push toward critical resistance at $1.40, a level consistently marked by prior rejections.   
<h2 class="wp-block-heading" id="h-analysts-eye-higher-targets">Analysts Eye Higher Targets</h2>   
CredibleCrypto anticipates XRP’s next major milestone at $2, with <a href="https://x.com/Crypto_Scofield/status/1859798890155040835" target="_blank" rel="noreferrer noopener">long-term potential</a> exceeding $3.33, its 2018 all-time high. Notably, XRP has demonstrated a capacity to sustain rallies following sharp rebounds, as seen after its deviation below $0.40. This consolidation phase strengthened support levels, providing a robust base for the recent bullish trend.   
Moreover, the <a href="https://x.com/CredibleCrypto/status/1859581839637446946" target="_blank" rel="noreferrer noopener">current bullish</a> activity is supported by sustained buying pressure and market participation, evident in the green candlesticks on monthly charts. Key levels, including $0.80 and $1.40, may serve as pivotal zones for price action as XRP continues its ascent. 
The post <a href="https://cryptonewsland.com/breakout-rally-propels-xrp-toward-new/">Breakout Rally Propels XRP Toward New Highs, Analysts Eye $3.33 Target</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.

Breakout Rally Propels XRP Toward New Highs, Analysts Eye $3.33 Target

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