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<p>Ripple’s recent price action reflects a state of indecision following a rejection at the $1.6 resistance level. The market is currently undergoing a low-volatility consolidation phase, signaling a potential continuation of the corrective stage in the short term.</p>
<h1 id="xrp-price-analysis">XRP Price Analysis</h1>
<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>
<h2 id="the-daily-chart">The Daily Chart</h2>
<p>XRP’s impulsive uptrend broke several critical resistance levels, culminating in a significant rally toward the $1.6 resistance zone.</p>
<p>This level marked a peak in bullish momentum, leading to a rejection and subsequent consolidation. The price has since retraced toward the previously broken $1.3 threshold, a key support level, reflecting the buyers’ efforts to sustain the bullish trend.</p>
<p>However, the market is currently in a phase of indecision, characterized by low-volatility fluctuations. The RSI indicator also highlights an overbought condition, further supporting the likelihood of a continuation in the consolidation stage. This phase is expected to persist in the short term, with an eventual breakout needed to define the next direction.</p>
<figure id="attachment_372524" aria-describedby="caption-attachment-372524" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-D-5-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-372524" 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, XRP’s price action still maintains a bullish structure, marked by a sequence of higher highs and higher lows. The formation of an expanding wedge pattern reflects the buyers’ dominance up to the $1.6 resistance region, where the price experienced a rejection.</p>
<p>This has led to the emergence of a bullish flag pattern, suggesting the potential for a continuation of the prior uptrend if the price breaks above its upper boundary.</p>
<p>With the cryptocurrency now approaching the critical support level at $1.3, the consolidation stage could end in the mid-term. A breakout above the flag could result in XRP retesting the $1.6 threshold, with further gains likely if the resistance is overcome.</p>
<figure id="attachment_372525" aria-describedby="caption-attachment-372525" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-7-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-372525 size-full" src="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-7-scaled.jpg" alt="xrp_price_chart_2711242" width="2560" height="1307" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-7-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-7-300x153.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-7-1024x523.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-7-768x392.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-7-1536x784.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-7-2048x1046.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-7-50x26.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <figcaption id="caption-attachment-372525" class="wp-caption-text">
  Source: TradingView
 </figcaption>
</figure>
<p>The post <a href="https://cryptopotato.com/calm-before-the-storm-for-xrp-price-looking-to-resume-rally-above-1-6-ripple-price-analysis/" rel="noopener noreferrer nofollow">Calm Before the Storm for XRP? Price Looking to Resume Rally Above $1.6 (Ripple Price Analysis)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Calm Before the Storm for XRP? Price Looking to Resume Rally Above $1.6 (Ripple Price Analysis)

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