XRP has broken threshold1 for the first time since 2021, posting a significant jump of 26%, a trend investors and analysts are eager to see continue.
XRP finally crossed finally3 for the first time in almost 1 year, following a steady upward trend with market participants eagerly waiting to see what happens next.
#XRP initially lagged behind the current growth, but that started after Donald Trump's recent election victory.
#Bitcoin quickly hit new all-time highs, but XRP struggled to hold at 0.57, and investors worried that they might miss out on this rally. However, this week was a turning point for XRP, which broke the 0.60 barrier and began to gain momentum.
After a slight 11-13% drop at 1.94, XRP resumed its upward trajectory and quickly broke the 11-14 and 15 psychological price points of 0.70, 0.80 and 0.90 for the day.
XRP rose 14.72% today and officially reached the coveted mark1.
The last time it traded at this price was in 2021/12, having fallen from a peak of $1.96 at the beginning of the year. Analysts believe that crossing the XRP1 #threshold could be the basis for XRP to target all-time highs of $BTC XRP is currently trading at 1.15, but XRP needs to move into the 1.20 area to consolidate above 1.20. However, with the Commodity Channel Index at 252.23, there could be a slight pullback before the bullish trend resumes.
If this happens, the nearest support above 1.018 could be at 1.018. It is important to stay above this level to avoid a fall below 1. If this happens, the Fibonacci Fib0.9047 at 0.786 and the upper Bollinger #band at 0.8854 will provide additional support.
If the bullish momentum continues, XRP's next target could be Fib1.618Fib1.3457.
a breakout here could take the long-term XRP target past 1.87 at 2.618 Fibonacci to 2.4, which would require a 135% upside.
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