XRP On Fire: Over 90% Weekly Growth Catapults Altcoin To Fresh 2-Year High

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XRP On Fire: Over 90% Weekly Growth Catapults Altcoin To Fresh 2-Year High - NewsBTC

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Nonetheless, some traders are wary, pointing out that the token may be overbought given the relative strength index (RSI) peaking above 93.#XRP Highest weekly close in 2 years | How high will it go? 🚀🌕 pic.twitter.com/BcoOWyt2Q1 — Cryptoes (@cryptoes_ta) November 18, 2024 Overcoming Resistance And Forecasts More than just pushing through the psychological barrier, the price rise of XRP also broke through long-standing resistance levels that had placed the price of this cryptocurrency below $1 for so long.

This jump indicates a significant increase in public interest, which was probably spurred by XRP’s remarkable price movement and its return to the top market capitalization rankings.

Related Reading: The Year Of Solana: 2024 Sees Global Crypto Love Surge Nearly 40% Long-term outlooks appear promising, but the way forward will probably rely on market developments and Ripple’s capacity to build on its recent gains.