Ripple (XRP) Price Analysis (Nov 29th 2024)
Story Highlights
- Ripple price surged around 7% today, returning to the $1.50 mark.
- Technical indicators point to an increase in bullish sentiment.
- Sustained bullish action could lead to a new 52-week high for the altcoin.
XRP price has successfully retested its important support level following favorable developments in Ripple’s lawsuit with the SEC. Additionally, the altcoin has a trading volume of $6.67 billion and is currently valued at $1.54.
Amid continued price volatility, will Ripple (XRP) price hit $2 this year? Read our in-depth Ripple price analysis article to find out!
XRP Price Records Bullish Action Increases!
Ripple price has returned to the $1.5 mark, surging around 7% intraday, with trading volume reaching $6.671 billion. Furthermore, it has formed a triangle pattern and is testing its resistance trendline.
The simple moving average (SMA) continues to support the Ripple price chart on the 4-hour time frame. This highlights the increasing buying and oversold pressure in the cryptocurrency market.
Additionally, the Relative Strength Index (RSI) continues to hover above the midpoint, with its average trendline rising steadily. This suggests that altcoins may continue to increase in value in the coming period.
Will XRP recover?
If bulls maintain bullish sentiment, Ripple price will retest the 52-week high near $1.65.
Conversely, bearish action is likely to pull the price towards the important support at $1.43 in the coming hours.
Want to know the long-term price outlook for Ripple tokens? Read CoinPedia’s XRP Price Prediction And subscribe to us to stay updated with the latest crypto news!
FAQ
By 2030, the price of XRP coin may cross the $10 mark.
If the bullish sentiment continues, this altcoin may reach a maximum price of $6.23 by 2029.
Ripple price may break through the $2 mark and reach a potential high of $2.49 in 2025.
