Recent technical analysis shows that the XRP price is currently consolidating after breaking key resistance levels to reach new highs. However, a crypto analyst has warned of an upcoming XRP price crash, pointing to the Relative Strength Index (RSI) being significantly above 50%. The analyst predicts a potential price correction between the support levels at $2.17 and $2.18, as the RSI approaches oversold levels. Despite this, the analyst believes that the broader outlook for XRP remains bullish, with an expected price target above $3.

Looking at a three-month chart, XRP has broken through a multi-year resistance level, indicating a strong bullish shift. The analyst expects a potentially bullish Q1 in 2025, supported by a rounded bottom pattern. The analyst marks several Fibonacci levels as potential price targets, including a 261.80% rise to the $5 to $9 range and a 361.80% surge to the $16 to $28 range. Support levels at the $0.9 Fibonacci have also been identified.



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