Date: Mon, Dec 02, 2024, 06:30 AM GMTThe cryptocurrency market has continued its bullish momentum as we head into the new week. Many <a href="https://coinsprobe.com/top-3-altcoins-to-watch-for-potential-gains-this-week-algo-fil-and-atom-in-spotlight/" rel="noopener noreferrer nofollow">altcoins </a>are rallying following a decline in Bitcoin&#39;s dominance, which has dropped from its recent high of 61.53% to 56.57%. One cryptocurrency that has been making waves is Ripple (XRP), which has experienced a massive pump of nearly 30% over the last 24 hours, currently trading at around $2.44.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/988ddcef1f384327b6d48be216ebba67.png" />Source: Coinmarketcap<h3 id="xrp-becomes-third-largest-cryptocurrency">XRP Becomes Third-Largest Cryptocurrency</h3>XRP has not only surged in price but has also achieved a significant milestone, becoming the third-largest cryptocurrency by market capitalization, with a $139 billion market cap, surpassing Tether (USDT).This <a href="https://coinsprobe.com/ripples-xrp-soars-as-regulatory-relief-fuels-rally-will-it-break-1/" rel="noopener noreferrer nofollow">rally</a>, which began after Donald Trump’s victory in the U.S. elections, was further fueled by the announcement of Gary Gensler’s resignation from his position as SEC Chairman, propelling XRP to an incredible 375% surge in just the last 30 days.<h3 id="what-to-expect-ahead">What To Expect Ahead?</h3>As of writing, XRP is trading at $2.44, after reaching a day high of $2.49. Looking at the 30-minute chart (shown below), we can see a clear pattern.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/04152e88c4324a5892309c92d9b13c57.png" />Each time XRP has experienced a significant pump, it has made a small correction, followed by a breakout above its previous high. We are likely to see a similar pattern here, with a potential slight correction followed by another breakout above the current high of $2.49. If this happens, XRP could see a 20% increase, pushing the price above $3.00.The chart highlights several key resistance levels, with the latest breakout pointing towards a continued bullish trend. The RSI (Relative Strength Index) is currently at 68, indicating that the momentum is strong but there might be room for a brief correction before the next significant move.<h3 id="conclusion">Conclusion:</h3>XRP&#39;s recent performance has been nothing short of impressive, and with the ongoing bullish sentiment and significant developments, the outlook remains positive. If the pattern continues, XRP could be poised for further gains, potentially reaching above $3.00 in the near future.Disclaimer: This article is for informational purposes only and is not financial advice. Always conduct your own research before making any investment in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/lrc-and-band-showing-potential-for-major-breakouts-what-to-expect-ahead/" rel="noopener noreferrer nofollow">LRC and BAND Showing Potential For Major Breakouts: What To Expect Ahead?</a>

XRP Becomes Third-Largest Cryptocurrency After Massive Pump: What To Expect Ahead?

Table of Contents

CoinsProbe

Other articles published on Dec 2, 2024

Floki Joins Forces with Animoca Brands' Forj to Launch $MONKY Memecoin

XT Exchange Suspends Withdrawals After $1.7M Hack

Why XRP is Up Today?

Floki Joins Forces with Animoca Brands' Forj to Launch $MONKY Memecoin

Crypto Jackpot: These 5 Memecoins Are Tipped for Growth by 2025 — Get In Early!

Binance Confirms MONKY Airdrop for FLOKI Holders

Join our free newsletter for daily crypto updates!