XRP Price Prediction: November 24 Updates
Ripple’s XRP has seen a slight decrease of over five percent in the last 24 hours, currently trading above $1.50. However, it has surged by more than 40 percent in the past seven days and is now aiming to break through the $1.70 mark. The recent increase in XRP’s price followed the announcement of SEC Chairman Gary Gensler’s resignation on January 20, 2025, coinciding with the expected inauguration of Donald Trump as the 47th President.
Recently, XRP surpassed the 78.6% Fibonacci level, reaching around $1.30. With this breakthrough, analysts predict a potential move towards the $1.60 to $1.70 range.
Looking ahead, analyst Josh from Crypto World shares insights on XRP’s price analysis:
Short-Term Outlook:
The bullish trend for XRP continues, with the price approaching the $1.72 target based on the flagpole pattern. After achieving the initial target of $1.34, the focus now shifts to reaching $1.72, slightly above recent highs. This near-term goal from $1.30 to $1.72 could encounter resistance, but a breakout to $1.72 would signify a bullish continuation pattern, setting up a test of the $1.60-$1.70 resistance range.
Price Action and Targets Above $1.30:
Breaking through the mentioned levels is crucial, as it could propel XRP towards $2. Historically, the $1.60-$1.70 range has posed strong resistance, and surpassing it would bolster bullish momentum. Positive regulatory developments or legal outcomes related to the SEC case could further boost investor confidence and demand for XRP.
How High Will XRP Go?
If XRP successfully surpasses the $1.60-$1.70 resistance zone and maintains its bullish momentum, it could potentially surge towards the $2 mark.
Stay tuned for more updates on cryptocurrency price analysis, specifically focusing on Ripple (XRP).
