XRP Coin Price Prediction: XPR Coin Exceeds $1, Continues to Show Strength!

XRP Coin price has risen 134% since the US elections on 6 November. It also moved its year-to-date return into positive territory with gains exceeding 80%.

The price of XRP has surged over 134% since the US elections on 6 November. This brings its year-to-date return to positive territory with gains exceeding 80%.

The XRP price surpassed $1 for the first time since December 2021. At the time of writing, the token’s price hovered around $1.12.

Technical conditions show XRP as an overbought asset, which usually precedes a period of consolidation or outright correction. However, crypto analyst Yashu Gola predicts that XRP will enter 2025 at a higher price.

On 16 November, XRP’s daily relative strength index (RSI) rose above 93, reaching an overbought level unseen since March 2017.

This occurred alongside a massive 42% single-day price spike, pushing the XRP coin price to around $1.25. Since then, XRP’s price has corrected by about 9.75%.

At the time of writing, the token was stabilising above the critical $1 mark, which has shifted from resistance to support. The consolidation trend suggests that investors are preparing for the market’s next move.

However, this presents a contrasting scenario, as the overbought RSI favours the possibility of further corrections rather than price increases.

If a correction were to materialise, XRP’s price could drop around 18% from current price levels to the 1.0 Fibonacci retracement level support around $0.936.

On the other hand, given XRP’s sustained momentum, it is possible that the token will attempt to retest the local high of $1.25 in the coming days.

But breaking this in the near term is not easy for bulls based on the given technical setup.

The weekly chart points to a 50% gain: Target $1.75!

On the weekly chart, XRP Coin broke above a giant symmetrical triangle pattern in November, concluding a seven-year consolidation trend.

Interestingly, the breakout of the triangle is similar to the breakout that took place in March 2017 before a 46,440% price rally.

On 18 November, XRP Coin consolidated between the 0.236 and 0.382 Fibonacci retracement levels, aligning with the $0.87-1.35 zone.

XRP needs to break above $1.35 to confirm a long-term bull cycle. This is possible if Donald Trump fires Gary Gensler as SEC chairman. Also, if the SEC approves spot XRP exchange-traded funds (ETF), the bullish outlook gains strength.

The primary upside target for this bullish scenario until 2025 stands at around $1.75, which coincides with the 0.5 Fib line, roughly a 50% increase from current price levels.

The opinions and forecasts in the article are those of the analyst and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.

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