Million

Daily

Analysis: XRP is now preparing for the next leg up according to its current break of structure pattern on the weekly charts. 
A break above $2.62 could trigger the cryptocurrency to exponentially surge to its next level. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="547" src="https://franknez.com/wp-content/uploads/2024/12/XRP-Price-Analysis-Break-of-Structure-1024x547.png" alt="" class="wp-image-97656" srcset="https://franknez.com/wp-content/uploads/2024/12/XRP-Price-Analysis-Break-of-Structure-1024x547.png 1024w, https://franknez.com/wp-content/uploads/2024/12/XRP-Price-Analysis-Break-of-Structure-768x410.png 768w, https://franknez.com/wp-content/uploads/2024/12/XRP-Price-Analysis-Break-of-Structure.png 1192w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
While we still have to test XRP’s all-time high of $3.30, crypto strategist BitBoy just shared to his 135k subscribers on YouTube that $4.50 will be the next price target. 
Following a massive 400%+ climb in the past month alone, XRP is currently experiencing a small pullback of 5% Tuesday, a perfect entry prior to the next break of structure, according to analysts. 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="XRP Is Headed Straight to $4.50 (Why This Will Happen SOON)" width="640" height="360" src="https://www.youtube.com/embed/wnHDTC-lPck?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
 </div>
</figure> 
Currently trading at $2.53 at the time of this writing, XRP is poised for another major run as investors continue to buy these price levels before hitting and retesting all-time highs. 
XRP’s current bounce off of the $2.40 level is a perfect buy opportunity signal as the cryptocurrency looks to break structure towards the upside again. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="484" src="https://franknez.com/wp-content/uploads/2024/12/XRP-Price-Analysis-today-1024x484.png" alt="" class="wp-image-97657" srcset="https://franknez.com/wp-content/uploads/2024/12/XRP-Price-Analysis-today-1024x484.png 1024w, https://franknez.com/wp-content/uploads/2024/12/XRP-Price-Analysis-today-768x363.png 768w, https://franknez.com/wp-content/uploads/2024/12/XRP-Price-Analysis-today.png 1227w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
What’s fueling XRP’s rally? 
Wisdom Tree recently became the fourth company to file a spot XRP ETF, signaling heavy demand from big financial institutions. 
Once approved, exposure to XRP by these institutions will draw massive liquidity to the crypto asset. 
What we’re seeing now is retail investors buying XRP and positioning themselves as adoption spreads. 
Ripple’s future has never looked more optimistic as a leader in the crypto and financial space. 
We asked AI Poe about its thoughts on <a href="https://franknez.com/ai-now-provides-best-short-term-and-long-term-xrp-scenario/">where XRP is headed</a> in the short term and long term after reclaiming its spot amongst the top 3 cryptocurrencies in the world. 
AI Poe details that in this current scenario, XRP could achieve short-term price levels between $5 and $10, driven by institutional adoption and favorable market conditions. 
Over the long term, if XRP successfully positions itself as a primary solution for cross-border transactions, prices could potentially reach $20 and significantly higher, capturing a significant share of the remittance market. 
Ultimately the future of XRP is in the hands of its supporters. 
Read&nbsp;<a href="https://franknez.com/daily-crypto-news/">Daily Crypto News</a>&nbsp;for more news and updates like this. 
Follow us on&nbsp;<a href="https://coinmarketcap.com/community/profile/FrankNez/">CoinMarketCap</a> 
Also Read:&nbsp;<a href="https://franknez.com/2-1-million-xrp-tokens-was-now-executed-on-binance/">2.1 Million XRP Tokens Were Now Executed On Binance</a> 
The post <a href="https://franknez.com/analysis-xrp-is-now-preparing-for-the-next-leg-up/">Analysis: XRP Is Now Preparing For The Next Leg Up</a> appeared first on <a href="https://franknez.com">Daily Market News 🗞️</a>.

Analysis: XRP Is Now Preparing For The Next Leg Up

FrankNez

Other articles published on Dec 3, 2024

$SHIRO NEKO’s $1B Launch Sparks Comparisons to $NEIRO Token Controversy

Top Crypto Influencers Ask Elon Musk Not to Shut Down D.O.G.E. in 2026

Singapore’s Dtcpay to support only stablecoins, dropping BTC and ETH in 2025

Turn $500 Into $1 Million With 5 Altcoins Predicted to Soar 10,000% or More by 2025!

Coinbase CEO Criticizes Anti-Crypto Legal Firms: “Ethics Violated!”

BNB Chain Silently Paving the Way for Web3 Innovation

Join our free newsletter for daily crypto updates!