XRP has seen a remarkable resurgence, recently climbing to $2.70 and approaching its all-time high of $3.30 set in 2018.
XRP price has seen a remarkable resurgence, recently climbing to $2.70 and approaching its all-time high of $3.30 set in 2018. The token’s legal clarity after Ripple’s win against the SEC and broader market optimism have contributed to this upward momentum.
As XRP continues its journey, many analysts, including Jebb McAfee, believe the token could reach nearly $10 in its 2025 bull run.
As XRP price action slows down entering December 2024, the token has been consolidating between $2.2 and $2.8. However, several lines of defense and support remain on the 4-hour chart.
After a strong rally in 2024, XRP prices seem to have stalled as the token entered December. The price has remained range-bound between $2.2 and $2.8, suggesting that the Trump win hype has likely left the market.
From a technical perspective, the 20-day EMA (red) provides immediate support for XRP prices. If the token starts a rally again, XRP prices could rebound off the EMA and challenge the resistance near $2.815.
Breaking and consolidating above the immediate support might help XRP price rise to the resistance near $3.44. However, breaching the EMA trendline could force the XRP USD pair to test support near $1.93.
Moreover, failure of the immediate support level would likely cause the token to drop to the support level near $1.4 before recovering.
On the daily charts, the RSI for XRP remained neutral, with a score of 58.28.
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