XRP Price Ready To Run To $11 ATH? Alternative Larger Metrics Show The Answer
A cryptocurrency analyst shared Ripple price chartanalyzing its movements on the 4-hour time frame while identifying key strength indicators that indicate a possible rebound. Analysts predict that XRP is preparing for a major rise to $11, setting a new all-time high (ATH).
Key Indicators Show XRP Price Surges $11
In X (formerly Twitter) postal On Tuesday, prominent cryptocurrency analyst Javon Marks shared his thoughts on XRP Price Actionthrough key indicators and Potential for significant price increases The new ATH price is $11. Analysts say that XRP is showing clear upward momentum, with a sharp increase visible on the provided price chart.
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Looking at the chart, XRP has been breaking out recently resistance level and maintain the bullish momentum. XRP’s strongest resistance level at $0.5 lasted for more than three years and was breached in early November before jumping above $1 donald trump’s victory in the U.S. presidential election. Currently, XRP price is above $2.5, highlighting the massive growth it has experienced in less than two months.
Marks revealed that he is paying close attention to alternative long-term indicators of XRP price that are signaling a rise in XRP price. Potential surge in new ATHs. The volume bar below the price chart indicates steady buying pressure on XRP, with increasing volumes during the uptrend.
Recently, the trend of large XRP holdings has increased significantly. Cryptocurrency Analyst Ali Martinez disclose Going by the price chart, whales purchased a staggering 30 million XRP in the past 24 hours. This increase in buying activity reflects growing confidence in XRP, which may be due to bullish market sentiment and expectations of price increases.
At the bottom of the XRP chart shared by Marks, Relative Strength Index (RSI) A sharply rising curve is depicted, indicating the potential for a bull market rebound. The RSI appears as a fluctuating black line, clearly reflecting upward momentum. If XRP can sustain its current uptrend, it could surpass the current all-time high of $3.84 set in 2017. 2021 bull markethas the potential to reach new highs above $11 during this bull cycle.
XRP Analysis Update
XRP price keeps trying to break out Resistance area is $2.5striving to reach new heights. XRP has had an impressive performance over the past month, with price gains as high as 119.5%. although In the process of integrationThe cryptocurrency continues to show strong growth, with its price rising nearly 8% in the past seven days as it attempts to break through key resistance levels.
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XRP price is currently trading at $0.252, according to CoinMarketCap. The cryptocurrency remains the third largest cryptocurrency by market capitalization after Bitcoin and Ethereum. Additionally, XRP’s daily trading volume has increased significantly, surging 53.72% at the time of writing.
Featured image created using Dall.E, chart from Tradingview.com
