President-elect Donald Trump's transition team is considering Paul Atkins, a former SEC commissioner and strong advocate for cryptocurrencies, to replace Gary Gensler as SEC Chair. This shift could signal a significant easing of regulatory pressures on digital assets, particularly benefiting Ripple. Atkins, known for his pro-innovation stance, aligns with Trump's campaign promises to foster a crypto-friendly environment. If appointed, this change may usher in a new era of regulatory clarity and support for the cryptocurrency sector, igniting excitement among investors and enthusiasts alike !

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XRP faces the risk of a 25% correction, primarily due to overbought conditions that have historically preceded sharp price declines.
XRP Experiences a Pullback After Multi-Year High
The price of XRP has dropped by over 17% just four days after hitting a multi-year high of $1.63. It is currently trading around $1.41.
Despite this decline, XRP retains significant gains from the “Trump Trade” rally, which resulted in a nearly 180% increase during November — its best month since April 2021.
Overbought RSI Signals Potential Drop
Throughout November, XRP’s Relative Strength Index (RSI) on the daily chart stayed above 70, indicating exhaustion in its ongoing uptrend.
Historical data shows that overbought RSI levels often lead to sharp corrections:In June 2023, RSI exceeded 85, followed by a 46.5% drop over two months.Similarly, in November 2023, XRP declined by 33.6% just weeks after RSI crossed 70.

Fibonacci Levels Suggest a Target of $1
Fibonacci retracement analysis indicates that XRP’s recent breakout above the 2.618 Fibonacci extension (~$1.09) could pave the way for a pullback to $1. This level aligns with the 1.618 Fibonacci extension and serves as a key psychological support.
A deeper correction could see XRP revisiting its 50-day EMA (~$0.85), which corresponds to prior Fibonacci support levels.
Whale Holdings Decline, Signaling Distribution
Data reveals a slight decrease in XRP holdings by whales (investors holding over 100,00 tokens). This trend suggests a potential shift from an accumulation phase to a distribution phase.

Whales often distribute their holdings to retail investors during sharp price surges, which could add further pressure on XRP’s price.
Long-Term Outlook Remains Bullish
On the weekly chart, XRP is still in a long-term uptrend.
In late October, XRP broke out of a symmetrical triangle pattern, which had remained unbroken for seven years.This breakout mirrors a similar scenario from 2017–2018, which led to a historic 43,650% rally.

If this fractal pattern repeats, XRP could retest its 2018 high of $3.41, with a long-term projection targeting the $13.93 level (4.236 Fibonacci extension).
Fundamentals Support Long-Term Growth
Ripple’s fundamentals and partnerships strengthen the optimistic long-term outlook for XRP:
Donald Trump’s re-election could resolve the ongoing legal battle between the SEC and Ripple.Ripple’s partnership with the UK-based, FCA-regulated exchange Archax to launch a tokenized money market fund on the XRP Ledger could drive adoption further.
Conclusion
While short-term signals, like the overbought RSI, suggest a potential pullback to $1, long-term technical indicators and fundamentals paint a bullish picture for XRP. Analysts believe that once XRP overcomes its current hurdles, its price could significantly rise in the future.

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