{"id":654705,"date":"2024-11-25T00:00:36","date_gmt":"2024-11-25T00:00:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=654705"},"modified":"2024-11-24T12:53:16","modified_gmt":"2024-11-24T12:53:16","slug":"xrp-price-reaches-3-year-high-at-1-6-2-ways-it-can-go-from-here","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/xrp-price-reaches-3-year-high-at-1-6-2-ways-it-can-go-from-here\/","title":{"rendered":"XRP Price Reaches 3-Year High At $1.6 &#8211; 2 Ways It Can Go From Here"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The XRP price <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-rally-1-250\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">recently surged to a three-year high<\/span><\/a><span style=\"font-weight: 400\"> of $1.6, marking a significant milestone in the cryptocurrency&#8217;s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/chainlink-rockets-20-whale-activity-sparks-break-from-bear-trend\/\" target=\"_blank\" rel=\"noopener \">Chainlink Rockets 20%: Whale Activity Sparks Break From Bear Trend<\/a><\/div>\n<p><span style=\"font-weight: 400\">There are basically two ways the XRP price can go from here: either a continued move upwards or a notable correction. An in-between is a consolidation pattern.<\/span><\/p>\n<p><span style=\"font-weight: 400\">CrediBULL Crypto shared his insights on the potential paths the altcoin might take next. Using the Elliott Wave Theory, he highlighted two scenarios that could shape XRP\u2019s near-term future.<\/span><\/p>\n<h2><b>What\u2019s The Next Path For XRP Price?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/x.com\/CredibleCrypto\/status\/04528146\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CrediBULL Crypto<\/span><\/a><span style=\"font-weight: 400\">, XRP\u2019s recent rally exhibits a textbook example of a five-wave impulsive move, complete with clearly identifiable subwaves. This pattern confirms that the cryptocurrency has likely reached its absolute bottom at the November low of $0.49, which is a strong foundation for its current upward trend.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The impulsive wave structure suggests that the crypto is at a pivotal juncture, and its future trajectory hinges on whether it sustains specific price levels.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The first possibility centers on XRP failing to maintain its position above $1.05, which is the origin of the fifth subwave in the current impulsive structure. Should this level break, it would confirm that the XRP price is in a larger Wave 2 correction. <\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-to-28-wave-analysis\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Elliot Waves Theory,<\/span><\/a><span style=\"font-weight: 400\"> Waves 2 and 4 are corrective waves, while Waves 1, 3, and 5 are the main bullish waves. before This correction, while bearish in the short term, would lay the groundwork for an even stronger Wave 3 rally in the future.<\/span><\/p>\n<figure style=\"width: 1634px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/IzW1zMoh\/\" width=\"1634\" height=\"883\"><figcaption class=\"wp-caption-text\">XRPUSD is currently trading at $1.34. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">CrediBULL Crypto predicts a very different outcome if the XRP price manages to hold above the $1.05 level. Holding above the $1.05 level would indicate that the fifth subwave is extending. In this case, the analyst predicted that the XRP price will surpass the $2 mark before experiencing any substantial pullback.<\/span><\/p>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_654706\" aria-describedby=\"caption-attachment-654706\" style=\"width: 573px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-654706 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_db62ed.png?resize=573%2C318\" alt=\"\" width=\"573\" height=\"318\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_db62ed.png?w=573 573w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_db62ed.png?w=460 460w\" sizes=\"auto, (max-width: 573px) 100vw, 573px\"><figcaption id=\"caption-attachment-654706\" class=\"wp-caption-text\">Image From X: CrediBULL Crypto<\/figcaption><\/figure>\n<h2><strong>The Road Ahead For XRP<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">XRP, which had lingered below the $1 threshold for the past three years, has now firmly established itself above this pivotal mark. The recent XRP price surge to $1.6 suggests that the cryptocurrency is in a <\/span><a href=\"https:\/\/uniquehot.com\/xrp-news\/xrp-price-outlook-brightens-expert-predicts-2-target-post-gensler-era\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">stronger position to target the $2 milestone<\/span><\/a><span style=\"font-weight: 400\"> rather than retreat into a significant correction. This bullish sentiment is bolstered by speculation around SEC Chairman Gary Gensler\u2019s <\/span><a href=\"https:\/\/bitcoinist.com\/victory-crypto-sec-chair-gary-genslers-departure\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">anticipated resignation in January 2025<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/top-analyst-claims-xrp-new-ath-is-just-around-the-corner-details\/\" target=\"_blank\" rel=\"noopener \">Top Analyst Claims XRP New ATH Is Just Around The Corner \u2013 Details<\/a><\/div>\n<p><span style=\"font-weight: 400\">The XRP price climb to $1.6 reflects its growing strength in the market. Nonetheless, the next phase of its journey depends on <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-to-hit-40-in-3-months-but-on-this-condition-analyst\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">key support and resistance levels<\/span><\/a><span style=\"font-weight: 400\">. At the time of writing, the XRP price is trading at $1.46, having corrected by about 8.5% in the past 24 hours. However, the XRP price is still up by 175% in the past 30 days.<\/span><\/p>\n<p><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The XRP price recently surged to a three-year high of $1.6, marking a significant milestone in the cryptocurrency&#8217;s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price. Related Reading: Chainlink Rockets 20%: Whale Activity Sparks Break From Bear Trend There are basically two ways the XRP price can go from here: either a continued move upwards or a notable correction. An in-between is a consolidation pattern. CrediBULL Crypto shared his insights on the potential paths the altcoin might take next. Using the Elliott Wave Theory, he highlighted two scenarios that could shape XRP\u2019s near-term future. What\u2019s The Next Path For XRP Price? According to CrediBULL Crypto, XRP\u2019s recent rally exhibits a textbook example of a five-wave impulsive move, complete with clearly identifiable subwaves. This pattern confirms that the cryptocurrency has likely reached its absolute bottom at the November low of $0.49, which is a strong foundation for its current upward trend. The impulsive wave structure suggests that the crypto is at a pivotal juncture, and its future trajectory hinges on whether it sustains specific price levels. The first possibility centers on XRP failing to maintain its position above $1.05, which is the origin of the fifth subwave in the current impulsive structure. Should this level break, it would confirm that the XRP price is in a larger Wave 2 correction. According to the Elliot Waves Theory, Waves 2 and 4 are corrective waves, while Waves 1, 3, and 5 are the main bullish waves. before This correction, while bearish in the short term, would lay the groundwork for an even stronger Wave 3 rally in the future. CrediBULL Crypto predicts a very different outcome if the XRP price manages to hold above the $1.05 level. Holding above the $1.05 level would indicate that the fifth subwave is extending. In this case, the analyst predicted that the XRP price will surpass the $2 mark before experiencing any substantial pullback. &nbsp; The Road Ahead For XRP XRP, which had lingered below the $1 threshold for the past three years, has now firmly established itself above this pivotal mark. The recent XRP price surge to $1.6 suggests that the cryptocurrency is in a stronger position to target the $2 milestone rather than retreat into a significant correction. This bullish sentiment is bolstered by speculation around SEC Chairman Gary Gensler\u2019s anticipated resignation in January 2025. Related Reading: Top Analyst Claims XRP New ATH Is Just Around The Corner \u2013 Details The XRP price climb to $1.6 reflects its growing strength in the market. Nonetheless, the next phase of its journey depends on key support and resistance levels. At the time of writing, the XRP price is trading at $1.46, having corrected by about 8.5% in the past 24 hours. However, the XRP price is still up by 175% in the past 30 days. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":654710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,3680,4531,10972],"class_list":["post-654705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-ripple","tag-xrp","tag-xrpusd"],"acf":[],"yoast_head":"\n<title>XRP Price Hits 3-Year High At $1.6 - 2 Ways It Can Go From Here<\/title>\n<meta name=\"description\" content=\"The XRP price recently surged to a three-year high of $1.6, marking a significant milestone in the cryptocurrency&#039;s recent bullish rally. 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