30s Summary

Since the US election, XRP’s value has increased by 134%, and for the first time since December 2021, it has surpassed $1. Despite being over-purchased and hinting towards a correction phase, long-term charts suggest potential gains in 2025., After reaching a three-year high, XRP has seen a slight drop but is steady above the crucial $1 level. If further correction occurs, XRP’s price could fall to an average of around $0.936. However, continued momentum could see it re-challenge the recent $1.25 high., In November, XRP’s weekly chart shows it surpassed a long-term steadying trend triangle pattern. The currency is now steady between $0.87 and $1.35. To confirm a long-term bull cycle, XRP/USD must surpass $1.35. This increase could be helped along if Gary Gensler is removed as the SEC chairman and if the SEC approves XRP exchange-traded funds in the US., Potentially, if this bullish tendency continues until 2025, the main target could be around $1.75, a 50% increase from current levels. Always conduct individual research before investing as such moves carry inherent risks.

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Since the US election on November 6, the value of XRP has rocketed by 134%, bringing its annual gains to over 80%. For the first time since December 2021, the price of XRP has gone past $1.

According to recent analyses, XRP is currently in a state of over-purchase, which usually results in a phase of steadying or correction. However, long-term charts suggest that more gains could be possible in 2025.

Following a three-year high, the value of XRP has been declining since November 16, when its daily relative strength index shot past 93, the highest level since March 2017. This coincided with a huge 42% one-day price hike, with the XRP/USD reaching about $1.25.

Since then, XRP’s price has dipped by nearly 10% but is now steadying above the vital $1 level, which has turned from a resistance to a support level. This steadying trend shows traders are preparing for the next market shift.

With an over-purchased relative strength index, XRP markets show conflicting possibilities, leaning more towards further price correction rather than increases. If a correction does occur, the XRP price may drop to its 1.0 Fibonacci retracement level support, averaging around $0.936—a decrease of roughly 18% from the current price levels.

On the other hand, XRP’s ongoing momentum could see it re-challenge the recent high of around $1.25 over the coming days. However, surpassing it may be challenging based on the current technical setup.

According to the weekly chart, in November, XRP seems to have surpassed a massive symmetrical triangle pattern, putting an end to a seven-year steadying trend. Interestingly, this breakout resembles the one in March 2017, right before a whopper of a 46,440% price surge.

As of November 18, XRP is steadying between its 0.236 and 0.382 Fibonacci retracement levels, lining up with the $0.87 to $1.35 range. If XRP/USD is to confirm a long-term bull cycle, it must surpass $1.35. This could happen if Gary Gensler is removed as the chairman of the SEC, and if the SEC approves listed XRP exchange-traded funds in the US.

If this bullish scenario plays out into 2025, the main target for this uptrend appears to be around $1.75, matching up with its 0.5 Fibonacci line and representing an increase of about 50% from the current price levels.

Remember to do your own research before making any investment decisions; these moves always come with some level of risk.