XRP Price Prediction for Today, November 29 – InsideBitcoins

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XRP price prediction shows that XRP is attempting to cross above the upper limit of the channel to increase the bullish movement.

XRP Prediction Statistical Data:

Current XRP price – $1.69
XRP market cap – $92.23 billion
XRP Circulating Volume – 57.05 billion
XRP total supply – 99.9 billion
XRP CoinMarketCap Ranking – 5th

As XRP’s incredible journey shows, joining a cryptocurrency project early can yield incredible returns. Currently trading between $1.43 and $1.69 over the last 24 hours, XRP is approximately 56.02% below its all-time high of $3.84 on January 4, 2018. However, from the all-time low of $0.04664 on July 4, 2014, today’s level represents a massive increase of +60,194.13%. This phenomenal growth demonstrates the potential for early adoption in the cryptocurrency space and the opportunities blockchain technology presents for forward-thinking investors.

XRP/USD Market

Main level:

Resistance levels: $2.30, $2.40, $2.50

Support levels: $1.00, $0.90, $0.80

XRP Price Prediction for Today, November 29 – XRP Technical Analysis — XRPUSD – Daily Chart

XRP/USD is currently showing a bullish reversal on the daily chart, fueled by favorable market news, especially regarding the ongoing legal situation between Ripple and the SEC. XRP/USD has now returned to previous highs and formed a familiar high high pattern, followed by a brief downtrend, a consolidation phase, and then an uptrend again. This structure is often a harbinger of further upside, as prices tend to continue rising even after retesting previous highs. A break above $1.52 suggests that XRP could continue to push towards the next major resistance area between $1.70 and $1.75.

XRP Price Prediction: XRP is likely to reach a high of $1.75.

As of this writing, XRP may continue its upward trend as a bullish move above the upper boundary of the channel could push the coin towards the resistance levels of 2.30, $2.40, and $2.50. On the downside, a bearish move below the 9-day moving average and 21-day moving average can stop the initial upward movement and create bearish momentum focused on pushing the market towards the next support levels at $1.00, $0.90, and $0.80 respectively.

Looking at the technical indicators on the daily chart, the trend remains positive. XRP has been steadily increasing momentum, pushing the price above key resistance levels. Some traders took profits after the initial breakout, but the overall market structure suggests that XRP may continue to gain ground. A decline is possible at this stage, but a short-term decline is likely if the price remains above the critical support level. In the short term, the formation of a bullish flag or consolidation pattern could provide another opportunity for traders to enter the market for a move to higher resistance levels.

XRP/BTC rises rapidly

A break through a significant resistance level such as 1757 SAT on the XRP/BTC chart signals a potential trend reversal. This previously psychological barrier has been surpassed with increasing trading volume, indicating strong buying pressure for Bitcoin. The structure of the price movement (initial high, consolidation decline, breakout high) suggests further upside potential.

Meanwhile, if the bears break below the moving average, the market price may reach support levels below 1200 SAT. Nonetheless, a further bullish move could allow the coin to rise above the upper boundary of the channel and reach resistance levels above 2300 SAT as the 9-day moving average, a technical indicator, continues to hover above the 21-day moving average.

However, MikybullCrypto, a prominent analyst with over 79,000 followers on X (formerly Twitter), suggests that XRP could replicate the 2017 rally pattern. He predicts an initial surge to $2, followed by a decline and a continuation of the upward trajectory, potentially reaching a new cycle peak near $10.

$XRP The atmosphere of the 2017 rally.
It will reach $2, experience a downtrend, and then continue its vertical hate rally, possibly reaching a new cycle high of $10. pic.twitter.com/gXGIUsy9Rj
— Mikybull 🐂Crypto (@MikybullCrypto) November 29, 2024

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The daily chart of XRP/USD indicates a solid upward trend with high potential for further upside. A break above $1.70 and confirmation of momentum indicates that the market is positioned to continue heading towards higher resistance levels. The next target for XRP is between $1.75 and $1.80, and if the price can exceed this level, it will pave the way for $1.95 to $2.00. However, Pepe Unchained has garnered significant attention in the cryptocurrency market, especially in the meme coin sector. Initial inflows exceeding $57 million, averaging nearly $100,000 per hour, indicate strong initial interest in the pre-sale phase.

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