$XRP Price Outlook: Potential Emerges on November 30, Bull Market Journey Continues
Currently, Ripple's XRP has shown strong growth momentum, and its upward trend remains unbroken. XRP has firmly crossed the key threshold of $1.50 and has achieved over 6% increase in the past 24 hours.
This popular coin has skyrocketed by 20% in the past week, gearing up to break through the new height of $1.60.
Meanwhile, Bitcoin, the leader of the cryptocurrency world, despite remaining above $97,000, has temporarily fallen into the shadow of a pullback.
While many coins are ebbing and flowing, XRP stands out with its unique charm, creating an almost straight upward channel, especially prominent in the bull market atmosphere. Currently, XRP is facing resistance challenges in the range of $1.60 to $1.70. Once it successfully crosses the $1.70 threshold, XRP may quickly reach the new milestone of $2. Therefore, we should closely monitor the breakout situation above $1.70 to confirm this potentially limitless upward trend.
According to Josh's analysis, in the event of a possible market pullback, XRP has solid support in the range of $1.25 to $1.30. This range has played an important support role multiple times recently, so even if the price experiences a short-term decline, it is very likely to gain rebound strength within this range.
XRP has successfully broken through a triangular consolidation pattern. Although the breakout process was slightly delayed, it is steadily moving towards the target price of $1.77. In the short term, there may be some resistance around $1.70, but once this resistance is effectively broken, XRP is expected to continue its vigorous momentum.
The successful breakout of the resistance range of $1.50-$1.51 marks a significant shift in its price trend. With this resistance cleared, XRP's price quickly ascended to higher levels. Now, these former resistance levels have transformed into new support levels. We should pay attention to the support situation in the range of $1.62 to $1.63, as well as the additional support that may be provided around $1.56 or $1.50 if the price further pulls back.
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