Crash

bullish

<p>Ripple recently broke past its previous major swing high of $2, maintaining strong upward momentum and nearing its all-time high of $3.4.</p>
<p>This price zone is critical, as a breakout above it could ignite a substantial rally to unprecedented levels.</p>
<h2 id="xrp-analysis">XRP Analysis</h2>
<p>By <a href="https://www.linkedin.com/in/shayan-navabi-522107248/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Shayan</a></p>
<h3 id="the-weekly-chart">The Weekly Chart</h3>
<p>After an extended accumulation phase within the $0.3–$0.9 range, Ripple witnessed intensified buying pressure, triggering a powerful surge. The price soared approximately 490% from the lowest levels, reclaiming multiple key resistance levels, including the pivotal $2 mark. However, XRP now faces a significant supply zone around $3, where selling pressure could hinder further advances.</p>
<p>Additionally, the RSI indicates overbought conditions, suggesting a likely consolidation phase within the $2–$3.4 range. This pause would allow the market to absorb selling pressure before buyers potentially mount a decisive attempt to break through this psychological resistance and set a new ATH.<a href="https://cryptopotato.com/wp-content/uploads/2024/12/XRP-W-2-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></p>
<h3 id="the-4-hour-chart">The 4-Hour Chart</h3>
<p>On the 4-hour timeframe, XRP encountered strong resistance at the $3 region, triggering notable selling activity and a price rejection. This pullback signals a temporary loss of bullish momentum, possibly reflecting profit-taking and distribution among market participants.</p>
<p>Following the rejection, Ripple entered a consolidation phase, breaking below its multi-week ascending trendline. This development suggests increasing dominance of sellers and a likely corrective phase in the near term. Market volatility and fluctuations could intensify, with the $2 level acting as a critical support zone.</p>
<p>After this consolidation period, Ripple is expected to regain bullish traction, with another attempt to breach the $3 resistance likely on the horizon.<a href="https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-2-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="aligncenter size-full wp-image-374330" src="https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-2-scaled.jpg" alt="" width="2560" height="1307" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-2-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-2-300x153.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-2-1024x523.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-2-768x392.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-2-1536x784.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-2-2048x1046.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/12/XRP-4H-2-50x26.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a></p>
<p>The post <a href="https://cryptopotato.com/ripple-price-analysis-where-is-xrp-headed-following-massive-crash-and-swift-rebound/" rel="noopener noreferrer nofollow">Ripple Price Analysis: Where Is XRP Headed Following Massive Crash and Swift Rebound?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple Price Analysis: Where Is XRP Headed Following Massive Crash and Swift Rebound?

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