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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/xrp-price-gain-momentum-targeting-1-by-november-end/">XRP Price Gain Momentum, Targeting $1 by November End?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
Ripple’s XRP token has emerged as the top performer among major cryptocurrencies this week, surging by over 21%.
After a challenging period in August, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" rel="noopener noreferrer nofollow">XRP price</a> traded within a range of $0.4422 to $0.5412 for nearly two months. However, the market has now regained momentum, breaking through resistance levels.
The token broke through the $0.6398 resistance level and went on to surpass key levels like $0.67 and $0.7, marking a significant bullish trend since early August.
While there was a minor correction of around 3%, the price remains close to the $0.7 level and is expected to retest it, though the outcome is uncertain.
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/cmWYgJVyOxfGQURqLWzkf1Df9_x8J_UDMWCT4Ce7U4ipheko6G6kK1JvzobEdcNqeqCf_i5RYd_E2Eloo4DQf5OWz4M5Eaz8SOgWzJdLxwZ-1CN4cevtggmYs0mP5Wf-RykA-MoxLNlBWBFa76kbSc7_cX0g293Euj9TPmUuqaXEn4EAoqWbNdcVK_6J2Q" alt="" style="aspect-ratio:2.009234828496042;width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 Source: <a href="https://www.tradingview.com/chart/XRPUSDT.P/f5WTd38D-XRPUSDT-LONG/" rel="noopener noreferrer nofollow">J_Bauwens (TradingView)</a>
 </figcaption>
</figure>
The Relative Strength Index (RSI) shows a sharp increase, indicating substantial buying and selling pressure. Averages suggest a continued bullish trend, implying the price will likely rise in the coming days.
<h2 class="wp-block-heading" id="h-the-impact-of-sec-s-decision">The Impact of SEC’s Decision</h2>
The recent dismissal of charges against Ripple Labs’ top executives by the SEC has drawn significant attention to XRP. While the price briefly touched $0.7, a bearish pullback occurred.
<h2 class="wp-block-heading" id="h-what-lies-ahead-for-xrp-price">What Lies Ahead for XRP Price?</h2>
According to Fibonacci levels, the next major milestone for XRP is $0.94481. If the bulls can push the price to that level, it may test the $1 mark, with an upper level of $1.0675 expected in the first half of the following year.
Furthermore, if a strong bullish sentiment prevails, especially around the time of the next Bitcoin halving event, XRP might aim to reach its November 2021 high of $1.255.
Overall, XRP is displaying strong bullish potential, with the possibility of reaching $1 and even surpassing it in the near future.

XRP Price Gain Momentum, Targeting $1 by November End?

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