bullish

Resistance

<ul class="wp-block-list">
 <li>XRP is trading at $2.33, with a 250% surge and a $121 billion market cap.</li>
 <li>Resistance is at $2.46, and support is at $2.09; a breakout could target $4.</li>
</ul>
XRP price forms a bullish flag, signaling potential rally continuation. The token currently <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">trades</a> at $2.33, reflecting a 250% surge in recent weeks. XRP’s market cap has grown significantly, now standing at $121 billion, with a market cap ratio of 3.2%, showcasing its strong performance in the crypto market.
Ripple’s resilience has been notable despite broader market corrections. Analysts believe this consolidation phase may precede another breakout. Crypto analyst Ali highlighted a potential <a href="https://x.com/ali_charts/status/1867187774903791759" target="_blank" rel="noopener noreferrer nofollow">bullish</a> movement for XRP, noting the formation of a bullish flag pattern. This pattern suggests the token might rally further, potentially pushing toward the $4 level.
The TD Sequential indicator on the 4-hour chart has presented a sell signal, pointing to a possible brief correction. For XRP to maintain its upward momentum, it must break the key resistance at $2.46. A successful breakout could pave the way for a rally to $4, making it highly rewarding for holders. On the downside, failure to hold support at $2.09 could lead to short-term retracements.
<h3 class="wp-block-heading" id="h-what-s-next-for-xrp">What’s Next for XRP?</h3>
The technical analysis further reinforces this outlook. The chart indicates resistance at $2.46 and support at $2.09. If XRP breaches the resistance, the price may target the $4 milestone. Conversely, breaking below $2.09 could result in <a href="https://thenewscrypto.com/is-bitcoin-btc-price-facing-a-persistent-downward-pressure/" target="_blank" rel="noopener noreferrer nofollow">downward</a> pressure.
The RSI currently reads 75.15, indicating overbought conditions. This suggests potential profit-taking or minor corrections in the near term. However, the RSI average of 62.60 reflects strong overall momentum.&nbsp;
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://thenewscrypto.com/wp-content/uploads/2024/12/XRPUSDT_2024-12-13_16-43-47-1024x472.png" alt="" class="wp-image-117853" srcset="https://thenewscrypto.com/wp-content/uploads/2024/12/XRPUSDT_2024-12-13_16-43-47-1024x472.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/12/XRPUSDT_2024-12-13_16-43-47-300x138.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/12/XRPUSDT_2024-12-13_16-43-47-768x354.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/12/XRPUSDT_2024-12-13_16-43-47-1536x708.png 1536w, https://thenewscrypto.com/wp-content/uploads/2024/12/XRPUSDT_2024-12-13_16-43-47.png 1814w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
</figure>
Moving averages also point to a bullish trend. The 9-day moving average stands at $2.39, while the 21-day moving average is at $2.09. The crossover of these averages signals a continuation of upward<a href="https://thenewscrypto.com/can-aave-maintain-its-momentum-and-continue-the-bullish-trend/" target="_blank" rel="noopener noreferrer nofollow"> momentum</a>, further supporting the bullish flag formation.
Despite the positive outlook, traders should remain cautious. Market sentiment will likely hinge on XRP’s performance near the $2.46 resistance level. A clear breakout could solidify investor confidence, while a rejection might lead to short-term volatility.
Highlighted Crypto News Today <a href="https://thenewscrypto.com/3-best-cryptocurrencies-below-10-to-invest-in-right-now/" target="_blank" rel="noopener noreferrer nofollow">3 Best Cryptocurrencies Below $10 to Invest In Right Now</a>

Ripple’s XRP Sets Sights on $4 with Bullish Flag Breakout

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