The XRP token experienced a significant rally in November 2024, but it entered the overbought territory. However, on-chain analyst Ali Martinez believes that the long-term trends and analyses support a continued and potentially even greater rally for XRP. Martinez argues that the November surge constituted an important breakout from a multi-year symmetrical triangle pattern. They predict that XRP could rally to $8.40 or even as high as $48.12, representing a possible upside of 1,888.43%. The analyst also notes that XRP has had three consecutive bull pennants and suggests a correction to $2.25 would be an ideal opportunity to 'buy the dip.' Additionally, factors such as Ripple's legal battle with the SEC and the resignation of the SEC Chair contribute to the potential for XRP to continue rallying in 2025. However, there may be some pessimism due to XRP's reliance on Ripple's defense against the SEC and the losses incurred by investors who bought at previous highs.



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