bullish

<p>The recent XRP rally has been nothing short of remarkable. The asset broke through major resistance levels and gained significant momentum.</p>
<p>However, with current indicators reflecting signs of overextension, a short-term correction or consolidation phase appears to be on the horizon.</p>
<h1 id="xrp-price-analysis">XRP Price Analysis</h1>
<p>By Shayan</p>
<h2 id="the-weekly-chart">The Weekly Chart</h2>
<p>XRP has staged an impressive breakout, rallying nearly 300% in recent weeks. The price has exceeded the $2 resistance and moved toward the $3 psychological level.</p>
<p>This bullish momentum has been fueled by substantial buying pressure, as indicated by the decisive move above the 100—and 200-week moving averages.</p>
<p>Notably, the RSI (Relative Strength Index) has soared into overbought territory, reaching a level of 91, which is extremely rare and indicative of overheated conditions.</p>
<p>Historically, such extreme RSI levels often precede periods of consolidation or corrective retracements. From a structural perspective, the $1.80-$2 range now serves as critical support, and a pullback to these levels would represent a healthy correction for the continuation of the broader uptrend.</p>
<figure id="attachment_373550" aria-describedby="caption-attachment-373550" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/XRP-W-1-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-373550" class="wp-caption-text">
  Source: TradingView
 </figcaption>
</figure>
<h2 id="the-4-hour-chart">The 4-Hour Chart</h2>
<p>On the 4-hour chart, XRP maintained a strong bullish structure, consistently setting higher highs and lows within an ascending channel. The recent breakout above $2.5 highlights buyers’ dominance, though the price briefly retreated after encountering resistance near $3.</p>
<p>Interestingly, the RSI in this timeframe has shown a significant bearish divergence, suggesting waning momentum.</p>
<p>This, coupled with the increasingly crowded long positions in the futures market, raises the likelihood of short-term corrective action. A pullback toward the $2.40-$2.50 region, aligning with the lower boundary of the ascending channel, could provide a fresh entry point for bulls.</p>
<p>In summary, while Ripple’s mid-term outlook remains overwhelmingly bullish, the market will likely experience short-term consolidation or a minor correction. This would be a welcome development, allowing for healthier and more sustainable growth in the weeks ahead.</p>
<figure id="attachment_373551" aria-describedby="caption-attachment-373551" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-1-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-373551 size-full" src="https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-1-scaled.jpg" alt="xrp_price_chart_0512242" width="2560" height="1307" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-1-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-1-300x153.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-1-1024x523.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-1-768x392.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-1-1536x784.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-1-2048x1046.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-1-50x26.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <figcaption id="caption-attachment-373551" class="wp-caption-text">
  Source: TradingView
 </figcaption>
</figure>
<p>The post <a href="https://cryptopotato.com/ripple-price-analysis-whats-next-for-xrp-following-the-recent-17-crash/" rel="noopener noreferrer nofollow">Ripple Price Analysis: What’s Next for XRP Following the Recent 17% Crash?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple Price Analysis: What’s Next for XRP Following the Recent 17% Crash?

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