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🚀 How High Can $XRP Go? Charting the Path to $1.75 and Beyond 🚀
Since the US election on Nov. 6, XRP has surged 134%, marking a major milestone by breaking above $1 for the first time since December 2021. With year- to-date returns exceeding 80%, traders are now eyeing its next big move.
Key Insights:
Current Market Behavior:
#XRP recently hit a 3-year high of $1.25 after a massive 42% single-day surge. The RSI (Relative Strength Index) peaked at an overbought level of 93, a signal not seen since 2017.
Support and Resistance Levels:
XRP is consolidating above the critical $1 support level, flipping it from resistance. A retracement to $0.936 (1.0 Fib level) could occur if a correction takes hold.
Triangle Breakout on Weekly Chart:
A seven-year-long symmetrical triangle pattern was broken in November, signaling a potential long-term bull run similar to the 46,440% rally in 2017. The next key level to break: $1.35, which could confirm a bull cycle.
What's Next for XRP?
Bullish Momentum:
If momentum continues, XRP could hit $1.75 (0.5 Fib level) in 2025, a 50% gain from current levels.
Potential catalysts: Regulatory clarity with the potential firing of SEC Chair Gary Gensler.
Approval of a spot XRP ETF in the U.S.
Bearish Correction: A cooling-off period may see XRP test support at $0.936, a potential 18% decline from current prices.
The Road Ahead:
XRP's breakout hints at bullish potential, but technical indicators suggest caution. Traders should watch for:
A break above $1.35 for long-term growth. Potential corrections to accumulate at lower levels.
What's your take? Will XRP's rally sustain, or is a pullback on the horizon? Let's discuss!
#HIPPO formed a rising wedge pattern on LTFS and also its close to breakout from the decision zone, breakout on either sides will be volatile Keep an eye on.
The Little Brother #XLM is moving alongside its BlG BROTHER #XRP!
For #XLM to escape the Dead Cat Bounce narrative, we need to see 3 consecutive daily candles close ABOVE Fib 0.5 (0.2362c). Why? Because Fib 0.5 is the launchpad to the Interstellar Region!
Entering this region could teleport us straight to Fib 1.618 ($3.5)! But beware, the cosmopolitan magnetic fields might try to block our path!
$POND My cost is 0.0116 The pond bought yesterday tried to break the one that fell in the minor, and it got back in.
No problem. There will always be a correction and a pullback. If the correction deepens, will add have identified two areas as resistance in the rise and enthusiasm: (0.061 - O.071), (0.19 - 0.20)