Harry

Rally

Levi

A leading analyst suggests XRP could now reach high profit levels at $6.15 and $26.60 after successfully hitting four key targets. 
A market analyst has confirmed that XRP has successfully reached four of its previously established price targets during its recent upward trend, signaling strategic levels for profit-taking. 
Following Donald Trump’s election victory in early November, XRP experienced a remarkable bullish surge, skyrocketing over 283% by the end of that month and sustaining this momentum into December. 
Despite a minor correction that saw XRP dip from a high of $2.90 to around $2.42, it has still managed to gain an impressive additional 24%. 
Analysts, including Cryptobilbuwoo, remain optimistic, suggesting that the rally is far from over and anticipating further growth. 
<h3 class="wp-block-heading" id="h-xrp-s-impressive-rally" style="font-size:21px">XRP’s Impressive Rally</h3> 
According to Cryptobilbuwoo’s latest analysis, a <a href="https://x.com/Cryptobilbuwoo0/status/1863829790765297668?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1863829790765297668%7Ctwgr%5E64923974d8982b91e57c70ea384d600704207dbb%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fthecryptobasic.com%2F2024%2F12%2F08%2Ftop-analyst-reveals-new-xrp-profit-levels-at-6-15-and-26-6-after-hitting-4-targets%2F" target="_blank" rel="noreferrer noopener">parabolic </a>curve pattern appears to be influencing XRP’s price movements. 
The analyst noted that XRP achieved four significant targets since its rally began on November 5. These targets include: 
<ul class="wp-block-list"> 
 <li>$0.64, which was surpassed on November 12</li> 
 <li>$0.915, reached on November 16</li> 
 <li>$1.13, successfully claimed on November 17</li> 
 <li>$1.612, achieved on November 23</li> 
</ul> 
With these milestones in mind, Cryptobilbuwoo is eyeing $3.30 as the next target, followed by ambitious levels of $6.15 and $26.60, which he identifies as key profit-taking points. 
He even suggests that more speculative targets could reach as high as $589. 
His analysis indicates that the parabolic structure supports the ongoing bullish trend, but XRP must maintain a price level above $2 to continue this trajectory. 
<h3 class="wp-block-heading" id="h-indicators-of-continued-growth" style="font-size:21px">Indicators of Continued Growth</h3> 
In a similar vein, analyst Levi has drawn a comparison between XRP and Tesla’s stock, noting that Tesla experienced a prolonged period of stagnation before its dramatic rise following the resolution of an SEC lawsuit. 
Levi believes XRP has undergone a similar suppression over the past seven years due to regulatory challenges with the SEC, a sentiment echoed by various industry experts. 
<figure class="wp-block-image size-full">
 <img data-recalc-dims="1" loading="lazy" decoding="async" width="640" height="322" src="https://i0.wp.com/franknez.com/wp-content/uploads/2024/12/image-9-8.jpg?resize=640%2C322&amp;ssl=1" alt="" class="wp-image-98056" srcset="https://i0.wp.com/franknez.com/wp-content/uploads/2024/12/image-9-8.jpg?w=900&amp;ssl=1 900w, https://i0.wp.com/franknez.com/wp-content/uploads/2024/12/image-9-8.jpg?resize=768%2C387&amp;ssl=1 768w" sizes="(max-width: 640px) 100vw, 640px">
</figure> 
Levi posits that XRP could sustain its upward momentum and potentially reach new all-time highs. 
He emphasizes the importance of patience for long-term holders, who may see substantial rewards as the market evolves. 
Additionally, market commentator Harry <a href="https://x.com/HaraldoXRP/status/1865192337841734138?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1865192337841734138%7Ctwgr%5E64923974d8982b91e57c70ea384d600704207dbb%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fthecryptobasic.com%2F2024%2F12%2F08%2Ftop-analyst-reveals-new-xrp-profit-levels-at-6-15-and-26-6-after-hitting-4-targets%2F" target="_blank" rel="noreferrer noopener">highlighted</a> that XRP has yet to retest its monthly breakout levels, which are crucial support zones. 
Currently trading between its 2017 weekly and monthly all-time highs, XRP is positioned for potential upward movement. 
Harry noted the necessity of strong buy-side pressure and mentioned a consolidation pattern forming a flag; if this flag breaks upward, it could trigger a <a href="https://thecryptobasic.com/2024/12/08/top-analyst-reveals-new-xrp-profit-levels-at-6-15-and-26-6-after-hitting-4-targets/" target="_blank" rel="noreferrer noopener">significant </a>rally. 
As of now, XRP is trading at approximately $2.57, reflecting a 3.8% increase over the past 24 hours, signaling continued investor interest and confidence in the token’s future performance. 
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Also Read:&nbsp;<a href="https://franknez.com/ai-now-provides-best-short-term-and-long-term-xrp-scenario/">AI Now Provides Best Short Term And Long Term XRP Scenario</a> 
The post <a href="https://franknez.com/leading-analyst-suggests-xrp-could-now-reach-high-profit-levels/">Leading Analyst Suggests XRP Could Now Reach High Profit Levels</a> appeared first on <a href="https://franknez.com">Daily Market News 🗞️</a>.

Leading Analyst Suggests XRP Could Now Reach High Profit Levels

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