XRP Price Prediction For November 25
Ripple’s XRP showed a slight upward reaction in response to a slight support area between $2.24 and $2.21. While this price action is positive, it does not appear impulsive. Nonetheless, XRP has been making higher highs and higher lows since reacting to the support area, indicating some bullish momentum.
Fibonacci Targets and Ideal Price Movements
The current price action is part of an internal wave, The ideal target for wave D and wave C is around $2.59. Although it is uncertain whether the price will reach this level, the Fibonacci extension represents a reasonable milestone target. If this ABC structure plays out, we should see price move towards this level before completing a larger wave pattern. Thereafter, the E wave may make higher lows, paving the way for a potential breakout.
Possible triangle pattern and requires confirmation
The current price action could form a triangle pattern, which is another potential scenario. If this is the case, the D wave may eventually break out to the upside. However, to confirm this, the price would have to break above the previous wave A high of $2.38-2.39. If XRP fails to break above this level, it is possible that the market is forming a different structure, such as a B wave.
Bullish Waves and Alternative Wave Counts
In a bullish triangle scenario, the pattern would involve waves A, B, C, D, and E, with no lower lows, just lower highs and higher lows before moving up. Alternatively, in blue wave counts, we may see a larger correction in the WX-Y structure, where the Y wave may evolve into a triangular pattern. This scenario remains speculative at this stage, but it is worth considering it as a potential market development.
Key Levels to Watch: Support and Failure Points
So far, support remains strong. To invalidate the current bullish outlook, XRP would need to fall below $2.24 and then below the swing low of $1.94 that occurred on December 20. If these levels are breached, a blue wave count may become more likely, which could lead to further declines and a move towards the Fibonacci target area between $1.80 and $1.39.
Wider time horizon: Long-term outlook
On the larger time frame, if XRP continues to move sideways or forms the fourth wave correction outlined earlier, the overall pattern still suggests at least one more high, and possibly even two, before the current wave structure is completed. . The next key target is likely to be around $3.25 to $3.30, which is close to all-time highs.
