XRP Price Reaches 3-Year High At $1.6 – 2 Ways It Can Go From Here

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Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	17,578,323,194	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

17,578,323,194

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.000022	-0.01%	0.203175	0.203094	0.203164

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.000022

-0.01%

0.203175

0.203094

0.203164

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.203494	0.200866	0.203197	0.203197	0.077142 - 0.224875

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.203494

0.200866

0.203197

0.077142 - 0.224875

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	10:46:42	39.47	0.203175	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

10:46:42

39.47

0.203175

USD

Price x Volume	Volume	Base Symbol	Related Pairs
104,240.59	515,852.22	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

104,240.59

515,852.22

XRP Price Reaches 3-Year High At $1.6 – 2 Ways It Can Go From Here

25/11/2024 12:00am

NEWSBTC

The XRP price recently surged to a three-year high of $1.6, marking a significant milestone in the cryptocurrency’s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price. Related Reading: Chainlink Rockets 20%: Whale Activity Sparks Break From Bear Trend There are basically two ways the XRP price can go from here: either a continued move upwards or a notable correction. An in-between is a consolidation pattern. CrediBULL Crypto shared his insights on the potential paths the altcoin might take next. Using the Elliott Wave Theory, he highlighted two scenarios that could shape XRP’s near-term future. What’s The Next Path For XRP Price? According to CrediBULL Crypto, XRP’s recent rally exhibits a textbook example of a five-wave impulsive move, complete with clearly identifiable subwaves. This pattern confirms that the cryptocurrency has likely reached its absolute bottom at the November low of $0.49, which is a strong foundation for its current upward trend. The impulsive wave structure suggests that the crypto is at a pivotal juncture, and its future trajectory hinges on whether it sustains specific price levels. The first possibility centers on XRP failing to maintain its position above $1.05, which is the origin of the fifth subwave in the current impulsive structure. Should this level break, it would confirm that the XRP price is in a larger Wave 2 correction. According to the Elliot Waves Theory, Waves 2 and 4 are corrective waves, while Waves 1, 3, and 5 are the main bullish waves. before This correction, while bearish in the short term, would lay the groundwork for an even stronger Wave 3 rally in the future. CrediBULL Crypto predicts a very different outcome if the XRP price manages to hold above the $1.05 level. Holding above the $1.05 level would indicate that the fifth subwave is extending. In this case, the analyst predicted that the XRP price will surpass the $2 mark before experiencing any substantial pullback. The Road Ahead For XRP XRP, which had lingered below the $1 threshold for the past three years, has now firmly established itself above this pivotal mark. The recent XRP price surge to $1.6 suggests that the cryptocurrency is in a stronger position to target the $2 milestone rather than retreat into a significant correction. This bullish sentiment is bolstered by speculation around SEC Chairman Gary Gensler’s anticipated resignation in January 2025. Related Reading: Top Analyst Claims XRP New ATH Is Just Around The Corner – Details The XRP price climb to $1.6 reflects its growing strength in the market. Nonetheless, the next phase of its journey depends on key support and resistance levels. At the time of writing, the XRP price is trading at $1.46, having corrected by about 8.5% in the past 24 hours. However, the XRP price is still up by 175% in the past 30 days. Featured image from Pexels, chart from TradingView

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