XRP at a Make-or-Break Moment: Is $2 Within Reach?

1 month ago 25

XRP Set to Overtake BNB, Eyes on 35% Rally

The post XRP at a Make-or-Break Moment: Is $2 Within Reach? appeared first on Coinpedia Fintech News

Ripple native token XRP is currently at the make-or-break moment with its next move, which could define its future roadmap. Popular trader Credible Crypto believes the token’s next move is closely tied to Bitcoin’s performance, with both assets sitting at key levels. Meanwhile, there is speculation that XRP’s return to its ATH of $3.38 could be sooner than expected.

XRP’s Potential Path to $2

XRP’s recent performance has been truly impressive, with its value surging by 90% in just 90 days. This growth outpaces Bitcoin’s 51% rise and Ethereum’s 20% gain during the same period. XRP’s strong momentum hints at a market shift, with many expecting it to outperform Bitcoin and Ethereum.

According to Credible Crypto, XRP could surge beyond $2 if it holds steady in its current range. For this rally to continue without a major pullback, Bitcoin must stay above $94,000.

Pretty pivotal point here- not just for $BTC but also $XRP– and it makes sense that they are both at this junction together.

XRP is at a level where if we are going to get an extended 5th for this rally and continue to $2+ without a "significant" pullback then we should be… https://t.co/wrl8TbjVlk pic.twitter.com/s6w9w0E7Ks

— CrediBULL Crypto (@CredibleCrypto) November 24, 2024

However, if Bitcoin maintains this level, XRP has a strong chance of staying above $1.10 and heading for new highs.

Trouble If Bitcoin Breaks Down

On the flip side, if Bitcoin fails and drops below $94,000, XRP is expected to follow suit, breaking below the $1.10 support level. This drop would signal the completion of XRP’s first major Wave 1, which has taken the token from $0.48 to its recent highs of $1.62.

Such a decline would likely lead to a significant pullback, opening the door for a potential buying opportunity.

Could This Be the Last Dip $1?

If XRP dips below $1.10, Credible Crypto believes it could present an excellent opportunity for investors to accumulate the token, particularly within the range of $0.48 to just below $1.10.

Meanwhile, if XRP holds its ground and achieves a fifth-wave extension, the trader predicts that the token may not dip below $1 again, marking a new era of bullish momentum.

Currently, XRP’s price has surged to $1.43, reflecting a gain of 27% in the last week, with its market cap hitting $82.1 billion.

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