News View Non-AMP

XRP Price Prediction For November 22: $2 Target in Sight

Published by
Anjali Belgaumkar

XRP’s price has skyrocketed over 24% in the last 24 hours, thanks to SEC Chair Gary Gensler’s not-so-surprising resignation. Gensler announced he would step down on January 20, the same day Trump is set to take office, sparking excitement among XRP fans. After years of battling the SEC, this news has given Ripple a boost. However, XRP is still a long way from its all-time high of $3.84. The big question now is whether XRP can hit new highs in 2024.

XRP Price Action: Current Support and Resistance

According to analyst Josh of Crypto World, XRP is trading between a key support level (the golden pocket) and resistance at the 78.6% Fibonacci level. The support zone ranges between $0.94 and $1. The analyst said that for XRP to continue its bullish trend, it needs to break and confirm a breakout above $1.30. As of the time of writing, XRP is trading at $1.37 and if successful, the next target could be $1.70, and potentially even $2, according to the analyst.

Bullish Potential: A 52% Upside

XRP is forming a symmetrical triangle pattern, with resistance at $1.13 and support at $1.10. The price is very close to breaking out of this pattern, which could occur within the next day. If XRP breaks above the resistance at $1.13, the next target would be around $1.40. On the other hand, if it falls below support, we could see a drop towards $0.92 to $0.93. If XRP breaks out to the upside, there’s potential for a major move, with an initial target of $1.34 and a larger target of $1.72, representing a 52% increase. 

Conclusion

While the departure of Gensler is seen as a win for the crypto community, the industry remains focused on ensuring clearer regulations and continued advocacy. Reports suggest that Trump is considering pro-crypto candidates to replace Gary Gensler as SEC Chair. However, only time will tell who will ultimately be chosen and how it will impact the future of crypto regulation.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

WazirX News: 85% Fund Recovery Plan Explained for Affected Users

The Supreme Court recently dismissed a petition filed by WazirX users following the platform’s major…

April 28, 2025

Ethereum’s Ambitious Plan to Scale TPS to 2,000 with 100x Gas Limit Boost

Dankrad Feist, a researcher from Ethereum, has unveiled a four-year plan to increase the blockchain’s…

April 28, 2025

Nexo Returns to the U.S. Market with New Offerings

Nexo has officially reentered the U.S. market, offering high-yield crypto savings accounts, asset-backed credit lines,…

April 28, 2025

China and U.S. Reduce Bitcoin Reserves, Total Government Holdings Fall 12% in Nine Months

Governments around the world continue to play an important role in the crypto space. However,…

April 28, 2025

Crypto Market Update Today: BTC and ETH Display Stability While PENGU, XMR, WAL Gain Massive Strength

After the rise in the past week, the investors have become more optimistic about the…

April 28, 2025

When Will Grayscale’s XRP ETF Finally Get Approved?

XRP’s journey through the crypto space has been nothing short of remarkable. With ProShares’ recent…

April 28, 2025