Ripple’s price has been rallying rapidly over the recent weeks, making its way toward a new all-time high. Yet, there are some warning signs that could lead to a correction soon. 
By Edris Derakhshi (TradingRage) 
<h3 id="b-the-usdt-paired-chart-b">The USDT Paired Chart</h3> 
On the USDT paired chart, the price has been surging aggressively since breaking above the 200-day moving average, located around the $0.55 mark. Both the $1 and $1.4 levels have also been broken to the upside, with the market approaching the $2 resistance zone and potentially a new all-time high. 
However, the RSI is showing a massive overbought signal, which could result in a correction or deep pullback soon. In this case, the $1 area could be counted on as a potentially strong support level to prevent a complete trend reversal. 
<figure id="attachment_372854" aria-describedby="caption-attachment-372854" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRPUSDT-Daily-Nov-29-2024-scaled.jpg" data-wpel-link="internal"></a>
 <figcaption id="caption-attachment-372854" class="wp-caption-text">
 Source: TradingView
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</figure> 
<h3 id="b-the-btc-paired-chart-b">The BTC Paired Chart</h3> 
The XRP/BTC daily chart shows a similar picture. The market has been rallying consistently after breaking above the 200-day moving average, located around the 900 SAT mark, and the long-term bearish trendline. 
The price has also broken above the 1500 SAT level and is currently moving higher toward the 2,200 SAT resistance zone. 
Yet, the RSI is once again showing an overbought state for the market, so a correction seems likely in the coming weeks. 
<figure id="attachment_372853" aria-describedby="caption-attachment-372853" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-29-2024-scaled.jpg" data-wpel-link="internal"><img class="wp-image-372853 size-full" src="https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-29-2024-scaled.jpg" alt="xrp_price_chart_2911242" width="2560" height="1307" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-29-2024-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-29-2024-300x153.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-29-2024-1024x523.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-29-2024-768x392.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-29-2024-1536x784.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-29-2024-2048x1046.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-29-2024-50x26.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <figcaption id="caption-attachment-372853" class="wp-caption-text">
 Source: TradingView
 </figcaption>
</figure> 
The post <a href="https://cryptopotato.com/ripple-price-analysis-can-xrp-soar-to-2-soon/" rel="nofollow">Ripple Price Analysis: Can XRP Soar to $2 Soon?</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Ripple Price Analysis: Can XRP Soar to $2 Soon?

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