{"id":449724,"date":"2024-12-07T00:30:31","date_gmt":"2024-12-06T19:00:31","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=449724"},"modified":"2024-12-06T15:14:24","modified_gmt":"2024-12-06T09:44:24","slug":"ripple-holds-2-249-support-xrp-can-push-to-4-if","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/ripple-holds-2-249-support-xrp-can-push-to-4-if\/","title":{"rendered":"Ripple holds $2.249 support\u2014 XRP can push to $4 IF\u2026"},"content":{"rendered":"<ul class=\"ul1\">\n<li class=\"li3\"><em><span class=\"s2\">XRP was trading above a key support zone within a defined consolidation channel, signaling the potential for an upward move.<\/span><\/em><\/li>\n<li class=\"li3\"><em><span class=\"s2\">Technical indicators suggested that XRP\u2019s next rally might not begin immediately, as the asset continues to stabilize.<\/span><\/em><\/li>\n<\/ul>\n<p class=\"p3\"><span class=\"s2\">After a remarkable 334.27% surge last month, <a href=\"https:\/\/ambcrypto.com\/predictions\/ripple-price-prediction\">Ripple[XRP]<\/a> has paused to consolidate within a set range. This phase has resulted in a minor decline of 0.76%, which analysts consider a healthy correction.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">Despite the current slowdown, AMBCrypto reports a strong likelihood of XRP breaking out to higher levels soon.<\/span><\/p>\n<h2 class=\"p1\"><strong><span class=\"s1\">XRP push for a 66% gain\u2014Here\u2019s what to watch<\/span><\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">After XRP\u2019s recent surge, the asset is taking a breather as it builds momentum for what could be its next bullish move.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, XRP is trading within a symmetrical triangle, a consolidation pattern formed by converging support and resistance levels.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The rally remains intact, with strong support at 2.2499 preventing any significant pullback. This level has helped stabilize the asset during its consolidation phase.<\/span><\/p>\n<figure id=\"attachment_449730\" aria-describedby=\"caption-attachment-449730\" style=\"width: 1281px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FF4C5B46-EE70-486E-88F3-5DECDA6F06A9.png\"><img decoding=\"async\" class=\"wp-image-449730 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FF4C5B46-EE70-486E-88F3-5DECDA6F06A9.png\" alt=\"\" width=\"1281\" height=\"615\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FF4C5B46-EE70-486E-88F3-5DECDA6F06A9.png 1281w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FF4C5B46-EE70-486E-88F3-5DECDA6F06A9-300x144.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FF4C5B46-EE70-486E-88F3-5DECDA6F06A9-1024x492.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FF4C5B46-EE70-486E-88F3-5DECDA6F06A9-768x369.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FF4C5B46-EE70-486E-88F3-5DECDA6F06A9-1200x576.png 1200w\" sizes=\"(max-width: 1281px) 100vw, 1281px\" \/><\/a><figcaption id=\"caption-attachment-449730\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p class=\"p3\"><span class=\"s2\">If the coin breaks out of this pattern, analysts predict an additional 66.83% gain, pushing the price to $4.0706. At this point, buying pressure is expected to ease.<\/span><\/p>\n<h2 class=\"p1\"><strong><span class=\"s1\">Is an XRP rally on the horizon?<\/span><\/strong><\/h2>\n<p class=\"p3\"><span class=\"s2\">Technical indicators suggest that XRP\u2019s anticipated breakout may not materialize in the short term.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">The Chaikin Money Flow (CMF), which gauges market sentiment by measuring liquidity inflows and outflows, was negative. With a reading of -0.04, it indicates insufficient buying interest to sustain upward momentum.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">Similarly, the Bull Bear Power indicator, which helps determine whether bulls or bears dominate the market, remained negative at -0.0462. This is reflected in a series of red bars, signaling bearish control.<\/span><\/p>\n<figure id=\"attachment_449733\" aria-describedby=\"caption-attachment-449733\" style=\"width: 1281px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FAE9EDF4-80C8-463D-8CC1-C6B5FEACF931.png\"><img decoding=\"async\" class=\"wp-image-449733 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FAE9EDF4-80C8-463D-8CC1-C6B5FEACF931.png\" alt=\"\" width=\"1281\" height=\"615\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FAE9EDF4-80C8-463D-8CC1-C6B5FEACF931.png 1281w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FAE9EDF4-80C8-463D-8CC1-C6B5FEACF931-300x144.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FAE9EDF4-80C8-463D-8CC1-C6B5FEACF931-1024x492.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FAE9EDF4-80C8-463D-8CC1-C6B5FEACF931-768x369.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/FAE9EDF4-80C8-463D-8CC1-C6B5FEACF931-1200x576.png 1200w\" sizes=\"(max-width: 1281px) 100vw, 1281px\" \/><\/a><figcaption id=\"caption-attachment-449733\" class=\"wp-caption-text\">Source: Trading View<\/figcaption><\/figure>\n<p class=\"p3\"><span class=\"s2\">These readings suggest that the coin lacks the momentum for an upward move and may face further declines as bears maintain their grip on the market.<\/span><\/p>\n<h2 class=\"p3\"><strong><span class=\"s4\">Long traders face heavy losses<\/span><\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">In the past 24 hours, a wave of long liquidations has hit XRP traders, resulting in significant losses for those betting on a rally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The total liquidation amount reached $39.92 million, with long traders accounting for $30.78 million of this figure. This wide gap suggests the market is currently positioned against a bullish move.<\/span><\/p>\n<figure id=\"attachment_449731\" aria-describedby=\"caption-attachment-449731\" style=\"width: 1355px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/EFDC6031-ED2C-483D-B68C-800A050EB623.png\"><img decoding=\"async\" class=\"wp-image-449731 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/EFDC6031-ED2C-483D-B68C-800A050EB623.png\" alt=\"\" width=\"1355\" height=\"407\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/EFDC6031-ED2C-483D-B68C-800A050EB623.png 1355w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/EFDC6031-ED2C-483D-B68C-800A050EB623-300x90.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/EFDC6031-ED2C-483D-B68C-800A050EB623-1024x308.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/EFDC6031-ED2C-483D-B68C-800A050EB623-768x231.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/EFDC6031-ED2C-483D-B68C-800A050EB623-1200x360.png 1200w\" sizes=\"(max-width: 1355px) 100vw, 1355px\" \/><\/a><figcaption id=\"caption-attachment-449731\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/ripple-price-prediction\">Ripple&#8217;s [XRP] Price Prediction<\/a> 2024\u20132025<\/p>\n<hr \/>\n<p class=\"p3\"><span class=\"s2\">Unless technical and on-chain indicators show a decisive shift, XRP\u2019s rally toward $4 is likely to remain stalled in its consolidation phase.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP is currently in a consolidation phase that may persist for some time.<\/p>\n","protected":false},"author":101,"featured_media":449704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[6427],"class_list":["post-449724","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ripple holds $2.249 support\u2014 XRP can push to $4 IF\u2026 - AMBCrypto<\/title>\n<meta name=\"description\" content=\"XRP aims for a $4 rally, but consolidation persists. 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