XRP has experienced an explosive rally, breaking through significant resistance levels and reaching its highest levels in almost seven years.<\/p>\n
However, with the market showing signs of overheating, a consolidation phase is anticipated in the near term.<\/p>\n
By Shayan<\/a><\/p>\n Ripple has shown an impressive surge, climbing over 100% since last week, pushing past the $2 resistance level, and hitting $2.5 for the first time since January 2018. This strong upward movement signals a dominant buying presence in the market.<\/p>\n The price action reflects extreme optimism, but the RSI has surged into overbought territory, suggesting the market is overheated. Such conditions often precede a period of consolidation or corrective retracements, as buyers may need time to digest the gains before pushing the price higher again.<\/p>\n In the mid-term, the key support level to watch is the $2 threshold, which has now turned into crucial support after being reclaimed as resistance during the recent surge. A pullback toward this level would be healthy for the market, offering a chance for buyers to regroup before a potential continuation of the uptrend.<\/a><\/p>\n On the 4-hour timeframe, the bullish structure is clear, with higher highs and higher lows. Ripple has successfully reclaimed several key resistance levels, including its previous ATH of $2, before surging to the new $2.5 mark.<\/p>\n The asset recently broke above the upper trendline of an ascending channel, further emphasizing buyers\u2019 dominance. However, the RSI on this shorter timeframe shows a notable bearish divergence, signaling that a correction is likely in the near term.<\/p>\n With its large number of leveraged positions, the overheated futures market increases the likelihood of a liquidation cascade if the price experiences a sharp decline. This suggests that while the mid-term outlook remains bullish, short-term consolidation or a pullback is expected, potentially leading to heightened volatility.<\/a><\/p>\n The post Ripple Price Analysis: XRP Likely to Retrace Toward $2 Before Targeting New ATH<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" XRP has experienced an explosive rally, breaking through significant resistance levels and reaching its highest levels in almost seven years. However, with the market showing signs of overheating, a consolidation phase is anticipated in the near term. XRP Analysis By Shayan The Weekly Chart Ripple has shown an impressive surge, climbing over 100% since last […]<\/p>\n","protected":false},"author":0,"featured_media":25028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25027"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25027"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25028"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Weekly Chart<\/h3>\n
The 4-Hour Chart<\/h3>\n
![<\/a><\/p>\nThe 4-Hour Chart<\/h3>\nOn the 4-hour timeframe, the bullish structure is clear, with higher highs and higher lows. Ripple has successfully reclaimed several key resistance levels, including its previous ATH of $2, before surging to the new $2.5 mark.<\/p>\nThe asset recently broke above the upper trendline of an ascending channel, further emphasizing buyers\u2019 dominance. However, the RSI on this shorter timeframe shows a notable bearish divergence, signaling that a correction is likely in the near term.<\/p>\nWith its large number of leveraged positions, the overheated futures market increases the likelihood of a liquidation cascade if the price experiences a sharp decline. This suggests that while the mid-term outlook remains bullish, short-term consolidation or a pullback is expected, potentially leading to heightened volatility.<\/a><\/p>\nThe post Ripple Price Analysis: XRP Likely to Retrace Toward $2 Before Targeting New ATH<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"XRP has experienced an explosive rally, breaking through significant resistance levels and reaching its highest levels in almost seven years. However, with the market showing signs of overheating, a consolidation phase is anticipated in the near term. XRP Analysis By Shayan The Weekly Chart Ripple has shown an impressive surge, climbing over 100% since last […]<\/p>\n","protected":false},"author":0,"featured_media":25028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25027"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25027"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25028"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/12\/XRP-W-scaled.jpg\"){kind=link}
![<\/a><\/p>\nThe post Ripple Price Analysis: XRP Likely to Retrace Toward $2 Before Targeting New ATH<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"XRP has experienced an explosive rally, breaking through significant resistance levels and reaching its highest levels in almost seven years. However, with the market showing signs of overheating, a consolidation phase is anticipated in the near term. XRP Analysis By Shayan The Weekly Chart Ripple has shown an impressive surge, climbing over 100% since last […]<\/p>\n","protected":false},"author":0,"featured_media":25028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25027"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25027"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25028"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/12\/XRP-4H-scaled.jpg\"){kind=link}