Explosive Breakout Ahead? XRP Bulls Rally Toward $2 Mark

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,910,381,795,736	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,910,381,795,736

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-751.03	-0.77%	96,734.05	96,734.04	96,734.05

Price Change

Price Change %

Current Price

Bid Price

Offer

-751.03

-0.77%

96,734.05

96,734.04

96,734.05

High Price	Low Price	Open Price	Prev. Close	52 Week Range
97,400.00	96,355.13	97,362.58	97,485.08	37,500.00 - 99,860.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

97,400.00

96,355.13

97,362.58

97,485.08

37,500.00 - 99,860.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:49:19	0.000041	96,734.05	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:49:19

0.000041

96,734.05

USD

Price x Volume	Volume	Base Symbol	Related Pairs
124,177,270.38	1,283.26	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

124,177,270.38

1,283.26

Explosive Breakout Ahead? XRP Bulls Rally Toward $2 Mark

29/11/2024 10:00pm

NEWSBTC

Recently, XRP has been on a robust positive run; some predict that the altcoin will hit $2 in the following weeks. This hope coincides with increasing whale activity, as technical signs suggest that the price might cross significant barrier levels. Starting in early November, XRP’s explosion has inspired experts and investors. Related Reading: Elon Musk’s D.O.G.E. Targets The IRS: Taxman In The Crosshairs Of Budget Cuts Whales Fuel Price Movement Whale purchase activity is one of the main causes of XRP’s recent rise. Widely seen as a positive sign, large altcoin holders have been accumulating millions of XRP tokens. $XRP to $2 isn’t even a question. $8-20 is inevitable 1. Bullish patterns = long-term setup 2. Whales accumulating hard 3. MACD cooling off + RSI neutral 4. $1.60, then no resistance to $2 5. FOMO incoming, Sentiment flipping Miss this #XRPHOLDERS, and you’ll chase it later. pic.twitter.com/HCvoyiwWX9 — Armando Pantoja (@_TallGuyTycoon) November 27, 2024 These whales bought over 250 million XRP during a recent market downturn, which caused a 200% price increase this month. Notable transactions, like a 150 million XRP trade valued at $227 million, have drawn attention from market watchers. Technical Indicators Point To Continued Growth Technical study also indicates XRP’s bright future. Expert in cryptocurrencies, CrediBull, informs us that XRP is currently experiencing a “five-wave impulse climb,” typical of long-term increasing trajectory. He predicts that if the price remains over $1.05, XRP may break out above $2 in the next weeks. On the other hand, if the price falls below this critical support level, it may indicate a correction before the next upward impulse. Another expert, Egrag Crypto, is keeping a careful eye on XRP’s market rise, which is approaching crucial levels. The analyst focuses on the 0.5 Fibonacci retracement level, which is now at 2.57%. #XRP Dominance – FIB 0.5: IT’S TIME! Trend lines often get invalidated, but they provide a visual guide for market structure. Add Fibonacci extensions into the mix, and you have a leading indicator to anticipate what’s next. 📈 📊 Key Levels to Watch: On the monthly timeframe,… pic.twitter.com/ZqMyiAoomS — EGRAG CRYPTO (@egragcrypto) November 28, 2024 If XRP closes above this level by the end of the month, it might lead to more gains. Analysts are also looking at the 0.702 Fibonacci level as the next goal for domination, which might lead to further price gains. Related Reading: Storm Ahead? Bitcoin Price Could Tumble 20% Due To M2 Supply Concerns XRP Path To $2 Promising XRP’s price has already grown by 16% in the last week, and it is now trading around $1.47, with a daily rise of 5%. The coin has demonstrated steady upward momentum, breaking through critical resistance zones and finding support at $1.30. If XRP maintains these levels, there is speculation that it could approach $2. Possible gains in the coming weeks are being paved by whale activity, strong technical patterns, and increasing market domination. The success of XRP hinges on its ability to retain strong support levels and continue its upward trajectory as it gains momentum. If the upward trend continues, XRP has the potential to hit new highs in the near future. Featured image from Yellow.com, chart from TradingView

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