Ethereum

Solana

Coin

TL;DR
<ul>
 <li>XRP’s market cap hit $96.5B, with analysts predicting potential highs of $10 – $13 if momentum continues.</li>
 <li>Nonetheless, the token’s RSI at 72 suggests it may face a short-term pullback.</li>
</ul>
<a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP_CB-68.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 Ripple’s XRP has been the talk of the town in the past month, with its price jumping by over 200%. Earlier today (November 29), it pumped to a three-year high peak of almost $1.70.
<figure id="attachment_372847" aria-describedby="caption-attachment-372847" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-18.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-372847" src="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-18.png" alt="XRP Price" width="581" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-18.png 1032w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-18-300x206.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-18-1024x704.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-18-768x528.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-18-50x34.png 50w" sizes="(max-width: 581px) 100vw, 581px"></a>
 <figcaption id="caption-attachment-372847" class="wp-caption-text">
 XRP Price, Source: CoinGecko
 </figcaption>
</figure>
Its market capitalization spiked to $96.5 billion, thus flipping Binance Coin (BNB). XRP is currently the fifth-largest cryptocurrency, trailing behind Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Solana (SOL).
Somewhat expectedly, the rally has fueled a huge enthusiasm across the XRP army and popular analysts. Mikybull Crypto <a class="editor-rtfLink" href="https://x.com/MikybullCrypto/status/1862456596971794905" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">predicted</a> a cycle top of $10 if the price surpasses $2. Cryptoinsightuk was even more bullish, <a class="editor-rtfLink" href="https://x.com/Cryptoinsightuk/status/1862474703312400801" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">speculating</a> that XRP could exceed $13 in the near future.
As CryptoPotato recently <a class="editor-rtfLink" href="https://cryptopotato.com/why-is-the-ripple-xrp-price-up-today-18/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">reported</a>, there are many factors which have potentially triggered the surge. Gary Gensler’s departure as Chairman of the US SEC and the increased rumors of the launch of Ripple’s stablecoin are some examples.
Despite the overall optimism, one on-chain metric suggests that XRP might experience a correction in the short run. This is the Relative Strength Index (RSI), which measures the speed and change of price movements.
It varies from 0 to 100, and ratios above 70 signal that the asset has entered an overbought territory, meaning it might head south soon. Conversely, readings below 30 are viewed as a buying opportunity.
Currently, XRP’s RSI is <a class="editor-rtfLink" href="https://www.cryptowaves.app/relative-strength-index/XRP" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">in the bearish zone</a> of approximately 72.&nbsp;
The post <a href="https://cryptopotato.com/ripple-xrp-price-soars-15-daily-flips-binance-coin-bnb/" rel="noopener noreferrer nofollow">Ripple (XRP) Price Soars 15% Daily, Flips Binance Coin (BNB)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Ripple (XRP) Price Soars 15% Daily, Flips Binance Coin (BNB)

CryptoPotato_News

Other articles published on Nov 29, 2024

Valour Launches the First Dogecoin Exchange-Traded Product

Can Worldcoin (WLD) Break Through Resistance Following a 14% Surge?

Base AI Agent Upgrade Threatens Pumpfun Dominance

U.S. DOJ Investigating Polymarket for Alleged U.S. Citizen User Activity

Altcoins to stay choppy until Bitcoin hits ‘exuberant move’ — Analyst

US, China, and UK lead in scam and dead crypto project launches: report

Join our free newsletter for daily crypto updates!