Dollar

<p>Ripple is quickly approaching its all-time high price against the US Dollar while also appreciating against Bitcoin, as XRP investors are finally reaping the rewards for their patience over the last few years.</p>
<h2 id="xrp-price-analysis">XRP Price Analysis</h2>
<p>By Edris Derakhshi (TradingRage)</p>
<h3 id="b-the-usdt-paired-chart-b"><b>The USDT Paired Chart</b></h3>
<p>On the USDT-Paired chart’s daily timeframe, it is evident that XRP’s price has been rallying almost vertically, breaking past several resistance levels.</p>
<p>As it is approaching its all-time high value, set in 2018, investors are hoping for a $5 Ripple in the coming months.</p>
<p>However, the RSI is showing a concerning overbought signal that could lead to a lengthy consolidation or correction, likely after a new record high is set.</p>
<figure id="attachment_373869" aria-describedby="caption-attachment-373869" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/XRPUSDT-Daily-Dec-8-2024-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-373869" class="wp-caption-text">
  Source: TradingView
 </figcaption>
</figure>
<h3 id="b-the-btc-paired-chart-b"><b>The BTC Paired Chart</b></h3>
<p>The XRP/BTC chart better demonstrates Ripple’s massive rise in value. It’s important to note that XRP is rising against Bitcoin, which has also been rallying.</p>
<p>This uptrend began following the breakout above the 200-day moving average and the long-term bearish trendline, but the 2800 SAT resistance level is currently preventing a further continuation.</p>
<p>The RSI shows a similar overbought signal on the BTC-paired chart, suggesting that a period of consolidation or correction will likely occur.</p>
<figure id="attachment_373870" aria-describedby="caption-attachment-373870" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-8-2024-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-373870 size-full" src="https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-8-2024-scaled.jpg" alt="xrp_price_chart_0812242" width="2560" height="1307" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-8-2024-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-8-2024-300x153.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-8-2024-1024x523.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-8-2024-768x392.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-8-2024-1536x784.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-8-2024-2048x1046.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-8-2024-50x26.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <figcaption id="caption-attachment-373870" class="wp-caption-text">
  Source: TradingView
 </figcaption>
</figure>
<p>The post <a href="https://cryptopotato.com/ripple-price-analysis-can-xrp-reach-5-in-the-following-months/" rel="noopener noreferrer nofollow">Ripple Price Analysis: Can XRP Reach $5 in the Following Months?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple Price Analysis: Can XRP Reach $5 in the Following Months?

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