Ripple's XRP has seen impressive performance in November and early December 2024, reaching an all-time high market cap of $165.74 billion. However, indicators suggest that XRP may experience a corrective crash. The token is currently overbought according to the daily and weekly relative strength index (RSI), and a similar overbought position in the past led to a significant crash in 2020. Traders are being warned to be cautious and reduce leverage, as the market is highly unbalanced towards long positions. Despite these warning signs, XRP may still continue to rise, as cryptocurrencies are volatile and unpredictable.



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