As of November 29, 2024, XRP is trading at approximately $1.68 USD, marking a 14.29% increase from the previous close.
Technical Analysis:
• Moving Averages: XRP has surpassed key resistance levels, now targeting the $1.60 zone, with strong support between $1.48 and $1.50. 
• Whale Activity: The number of whale wallets holding XRP has risen from 1,537 to 1,565, indicating increased interest from large investors. 
Fundamental Analysis:
• Regulatory Developments: The SEC’s appeal in the Ripple lawsuit adds uncertainty, potentially impacting XRP’s future performance. 
• Market Sentiment: XRP has gained over 160% year-to-date, with analysts suggesting that breaking key resistance levels could lead to new all-time highs by 2025. 
Conclusion:
XRP’s recent price surge is supported by positive technical indicators and increased institutional interest. However, ongoing regulatory challenges introduce potential volatility. Investors should stay informed about legal proceedings and market trends when considering XRP investments.
