bullish

<p>Ripple’s recent price action underscores significant bullish momentum as buyers continue to dominate the market.</p>
<p>Despite a potential brief consolidation phase, XRP is steadily approaching another coveted milestone of $2, with the prospect of achieving tapping that target by the year’s end growing.</p>
<h2 id="xrp-analysis">XRP Analysis</h2>
<p>By <a href="https://www.linkedin.com/in/shayan-navabi-522107248/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Shayan</a></p>
<h3 id="the-weekly-chart">The Weekly Chart</h3>
<p>The weekly chart reveals Ripple’s remarkable trends, marked by a significant sell-off following the SEC lawsuit, during which the price plummeted to $0.28, a staggering 85% decline. This phase was followed by an extended period of low-volatility consolidation.</p>
<p>Eventually, buyers returned with vigor, driving the price through key resistance levels, including the pivotal $1.3 mark. Ripple’s subsequent impulsive surge highlights strong buying interest, pushing the cryptocurrency closer to a local peak of $1.9.</p>
<p>As the price approaches this critical level, bullish sentiment remains robust, but caution is warranted due to the overbought condition reflected in the RSI indicator. A brief consolidation or correction may precede upward momentum, with $1.3 as the primary support during any potential pullback.</p>
<p><a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-W-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></p>
<h3 id="the-4-hour-chart">The 4-Hour Chart</h3>
<p>The 4-hour timeframe reflects Ripple’s breakout dynamics in greater detail. Upon encountering resistance at the $1.3 zone, the asset entered a consolidation phase, forming a sideways triangle pattern. This setup allowed the RSI to retreat from overbought levels and settle at equilibrium. Eventually, XRP surged, breaking out of the triangle’s upper boundary, signaling a bullish continuation.</p>
<p>Ripple managed to reclaim the $1.3 threshold and advance toward $2. While the bullish momentum is evident, a bearish divergence between the price and RSI hints at possible exhaustion. Furthermore, the presence of supply near the $1.9 resistance zone increases the likelihood of a consolidation phase in the near term. This temporary pause could allow the market to stabilize before XRP attempts to achieve new highs.<a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-5-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="aligncenter size-full wp-image-371970" src="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-5-scaled.jpg" alt="" width="2560" height="1307" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-5-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-5-300x153.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-5-1024x523.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-5-768x392.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-5-1536x784.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-5-2048x1046.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-5-50x26.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a></p>
<p>The post <a href="https://cryptopotato.com/ripple-price-analysis-can-xrp-skyrocket-to-2-by-the-years-end/" rel="noopener noreferrer nofollow">Ripple Price Analysis: Can XRP Skyrocket to $2 by the Year’s End?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple Price Analysis: Can XRP Skyrocket to $2 by the Year’s End?

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