Resistance

<p>XRP price keeps getting stronger. The price is surpassing the $1.0 mark with a bigger gap. Some analysts believe that this is only the beginning, as the price is expected to go higher.</p> 
<p>Armando Pantoja on X notes that <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank">XRP</a> is currently moving past a crucial resistance and is targeting the 0.786 Fibonacci retracement level at $1.61. If this level is surpassed, the next price range to watch is between $2 and $2.10, which has not been seen since April 2021.</p> 
<h2 class="wp-block-heading" id="ripple-xrp-price-analysis">Ripple (XRP) Price Analysis </h2> 
<p>The chart analysis posted by<a href="https://x.com/_tallguytycoon/status/1859945309528600720?s=46" target="_blank" rel="nofollow"> Armando</a> reveals an ascending triangle pattern. This shows a bullish continuation. XRP is currently trading at around $1.50, comfortably above key support levels at $1.192 and $1.108. </p> 
<p>The<a href="https://www.investopedia.com/terms/f/fibonacciretracement.asp#:~:text=Fibonacci%20retracement%20levels%20connect%20any,61.8%25%2C%20and%2078.6%25." target="_blank"> Fibonacci retracement levels</a> reveal that the 0.618 level at approximately $0.91 provided strong support during earlier consolidations, while the 0.702 level at $1.21 was breached during upward movement.</p> 
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/sui-sees-record-inflow-following-network-downtime-can-this-save-sui-falling-price/" target="_blank">Sui Sees Record Inflow Following Network Downtime: Can This Save SUI Falling Price?</a></em></strong></p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="558" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-783-1024x558.png" alt="" class="wp-image-586487" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-783-1024x558.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-783-300x163.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-783-768x418.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-783-1536x836.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-783-2048x1115.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-783-276x150.png 276w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-783-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-783-643x350.png 643w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-783-788x429.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-783.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Should <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank">XRP price</a> successfully clear the $1.61 resistance, it could easily target the $2-$2.10 range, which is historically significant. Beyond this point, Armando sees an easy path toward $8, a long-term target driven by potential macroeconomic factors or regulatory developments that could favor Ripple.</p> 
<p>The bullish momentum indicated by the breakout from the ascending triangle, along with a series of higher lows and increasing volume, supports the view that XRP might be on the cusp of a substantial rally.</p> 
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="nofollow">FREE Telegram group.</a></strong></em></p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank">Take 2 mins to learn more</a></strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/ripple-xrp-price-to-have-an-easy-path-to-8-once-this-resistance-breaks/">Ripple (XRP) Price to Have an “Easy Path” to $8 Once This Resistance Breaks</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Ripple (XRP) Price to Have an “Easy Path” to $8 Once This Resistance Breaks

Table of Contents

CaptainAltcoin

Other articles published on Nov 22, 2024

Deep Dive: Is Magnificent Seven Still a Good Bet for 2025?

VanEck Expands Crypto Product Portfolio with New SUI ETN for European Investors

Why BitGo Singapore Is the Biggest Bold Crypto Move in APAC This Year

Top Altcoins to Monitor as Trump’s Support for Crypto Triggers Market Growth!

Sekuya Partners with NERO Chain to Enhance GameFi Experience

XRP Outshines Solana as Long-Short Liquidation Evens Out

Join our free newsletter for daily crypto updates!