XRP Price Prediction For 24 November
Ripple’s XRP has fallen more than 5% in the past 24 hours and is currently trading above $1.50. The cryptocurrency has gained over 40% in the past seven days and is currently trying to break above the $1.70 level. Ripple’s XRP surges higher SEC Chairman Gary Gensler announced that he will resign on January 20, 2025. The date coincides with when Donald Trump is expected to take office as the 47th president.
The price recently exceeded the 78.6% Fibonacci level at around $1.30. As mentioned earlier, once XRP breaks above this level, we expect it to head towards the $1.60 to $1.70 range.
Curious about the future of XRP? Check out our in-depth XRP Price Prediction for 2025 Explore potential trends and market insights!
Here’s a detailed analysis of XRP price analysis from analysts Josh from the crypto world:
short term outlook
XRP’s bullish move continues as the price surges towards the $1.72 target from the flagpole pattern. The first target of $1.34 has been achieved and the focus is now on reaching the $1.72 level, which is slightly above recent highs.
A move from $1.30 to $1.72 represents a near-term target. However, as mentioned in the previous weekly analysis, XRP may face resistance in this range. A break above $1.72 would complete the bullish continuation pattern, followed by a test of the $1.60-$1.70 resistance zone.
Price Action and Targets Above $1.30
The above levels are well worth watching as once XRP breaks out of this range, we could see the price surge towards $2. Historically, this price area has acted as a strong resistance level, and a breakout of this price area will significantly enhance the bullish momentum. Regulatory clarity or any favorable legal outcome related to the SEC case could boost investor confidence and increase demand for XRP.
If XRP breaks above the $1.60 to $1.70 resistance zone and maintains the bullish momentum, it could surge towards the $2 mark.
