🚀 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!