A crypto analyst has shared a technical analysis of the XRP price in a 4-hour time frame. Currently, the XRP chart highlights distinct patterns in market behaviour, suggesting that historical price action may be repeating itself. The analyst predicts that if the cryptocurrency can successfully replicate these bullish historical patterns, it could trigger an upward surge for XRP. 

XRP Price Patterns Signal Bullish Potential

Richard, the crypto analyst on TradingView, popularly known as ‘The Signalyst,’ has declared that history is repeating itself in the XRP price chart. The analyst shared a detailed analytical report on XRP, predicting its future target while examining critical aspects of its current price action. 

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According to Richard, the XRP 4-hour chart reveals an intriguing pattern characterised by lower lows and a sharp bullish impulse. The two red arrows labeled “LL” on the price chart indicate areas where the XRP price made lower lows mid-November, signaling a correction or a trend reversal. This downward trend was quickly followed by a period of consolidation within a defined range seen in the green zone on the chart. 

After experiencing lower lows and bearish momentum, Richard pinpointed that the XRP price entered a corrective phase, stabilizing within the aforementioned green zone. Eventually, XRP broke above this green resistance range, triggering a bullish impulse that pushed the cryptocurrency to its previous price high of $1.5. 

Although the XRP price has corrected again and was trading at around $1.4 earlier this week, Richard has highlighted that the cryptocurrency seems to be repeating the above historical set-up. Its price has entered a new consolidation phase just below the $1.53 level, signaling the start of its next bullish movement.

Should the XRP price repeat this pattern and break above the $1.53 threshold, the analyst suggests that this would validate XRP’s anticipated bullish impulse position and pave the way for a potential rally toward the $2 psychological level.

Analyst Labels XRP At $1.4  A Bargain Buy

Steph, a crypto analyst on X (formerly Twitter), has called the XRP price a bargain buy at $1.4. Following its surge above $1.5 earlier this month, the XRP price witnessed a slight trend reversal, pushing it down to $1.4. 

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Steph disclosed that the $1.4 XRP price was a prime buying opportunity for investors, as a breakout to the upside was about to begin. Concerning the predicted breakout, it seems the analyst was spot on, as the XRP price is currently trading at $1.6, marking an 8.7% increase in the last 24 hours. 

While XRP continues to gain momentum, Steph predicts that the cryptocurrency could soon see an explosive increase to $50. With this bullish scenario in mind, Richard has urged investors to start buying XRP before further adoption drives its price into “the very expensive range,” between $22 and $120. 

Featured image created with Dall.E, chart from Tradingview.com

This week’s crypto calendar is packed with major events and bullish stories, including the potential approval of Ripple’s Stablecoin, XRP overthrowing BNB with a $100 billion market cap, XLM’s 50% surge following a Grayscale Stellar Lumens Trust filing, and FIFA’s new NFT game. 

Additionally, Binance has delisted eight altcoin trading pairs from its spot market, while MicroStrategy is planning to add more Bitcoin to its portfolio. Here are the top crypto news this week:

Grayscale Filing Boosts Stellar Lumens (XLM) Price by 58%

Stellar Lumens (XLM) surged by 58% this week, reaching $0.53—its highest price since 2021. This sharp increase follows a 10-K filing from Grayscale Investments for its Stellar Lumens Trust. The filing, submitted on November 23, detailed a 10% growth in the trust’s net assets over the last fiscal year.

A 10-K filing provides detailed financial information and risk factors for publicly traded companies. The positive sentiment surrounding the filing likely fueled the strong market response for XLM.

“Stellar recently broke and closed above a key weekly horizontal resistance. Retesting the broken structure, the price broke a resistance line of a falling wedge pattern on a 4H time frame. It indicates a strong bullish potential and a highly probable coming-up movement. I expect a growth at least to 0.6 level,” popular crypto enthusiast Andrew Griffiths wrote on X (formerly Twitter). 

Ripple Stablecoin Approval Expected by December 4

Ripple is preparing to launch its regulated stablecoin, RLUSD, pending approval from the New York Department of Financial Services (NYDFS). As BeInCrypto reported, the stablecoin will likely debut on December 4, marking Ripple’s entrance into New York’s regulated digital finance market.

This move puts Ripple in direct competition with stablecoin issuers like Circle and Paxos. Partnerships with platforms such as Bitstamp and Moonpay aim to ensure broad accessibility for RLUSD users.

Meanwhile, Ripple’s XRP token surpassed BNB in market cap, crossing the $100 billion mark for the first time in three years. XRP’s value has risen over 230% this month amid growing investor optimism.

Binance Delists Eight Altcoin Trading Pairs

Another top crypto news this week is that Binance announced plans to delist eight altcoin trading pairs on December 10. This will include GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. The exchange cited periodic performance reviews and low liquidity as reasons for the delistings.

Prices for affected tokens, including GFT and OAX, dropped nearly 30% following the announcement, reflecting investor concerns over their future viability. Binance advises users to adjust their holdings before the removal date.

MicroStrategy Eyes Bitcoin Purchases with $3 Billion Funding

MicroStrategy co-founder Michael Saylor hinted at new Bitcoin acquisitions after the company secured $3 billion through convertible debt issued on November 22. The notes, offered privately to institutional investors, will mature in 2029 and carry a premium strike price of $672 per share.

Meanwhile, MicroStrategy remains the largest corporate Bitcoin holder. The company currently holds 386,700 BTC worth over $37.5 billion. Saylor’s comments suggest the company may continue its aggressive Bitcoin strategy.

As BeInCrypto reported, FIFA has partnered with Mythical Games to develop FIFA Rivals, a mobile football game expected to launch in mid-2025. Players can create and manage football clubs and compete in real-time matches.

“FIFA Rivals is designed to be highly accessible, featuring a shallow learning curve coupled with advanced features for hardcore players to explore. The partnerships we have with both the NFL and with FIFA should open the door for other collaborations between web3 games studios and major sports titles,” Nate Nesbitt, spokesperson for Mythical Games, told BeInCrypto. 

The game will include an NFT marketplace, allowing players to trade football stars as digital collectibles. Mythical Games aims to replicate the success of its NFL Rivals title by integrating NFTs into FIFA Rivals.

Chirp Introduces DePIN Play-to-Earn Game

Chirp, operating on the Sui blockchain, launched Kage, a play-to-earn game combining entertainment with real-world utility. Players use their smartphones to detect nearby wireless networks, earning CHIRP tokens for their activity.

As the first game to integrate DePIN (Decentralized Physical Infrastructure Networks), Kage highlights the growing trend of blockchain-based P2E models offering real-world applications.

Finally, all eyes will be on Bitcoin, as it remains within striking distance of the $100,000 mark. Despite the brief corrections, BTC has consistently hovered around $97,000. It will be interesting to see BTC finally reach six figures ahead of Christmas. These were the top crypto news this week.

Altcoins like Solana (SOL), Dogecoin (DOGE), and Render (RENDER) are showing strong momentum as Bitcoin nears $100,000. Solana recently hit a new all-time high and continues to attract users and trading volume.

Dogecoin, with a $60 billion market cap, leads the meme coin sector and benefits from its positive correlation with Bitcoin. Meanwhile, Render is up 76% this month, driven by the rising interest in AI coins.

Solana (SOL)

SOL price reached a new all-time high on November 22 before entering a correction phase, but its momentum over the past month remains impressive, with a 38% gain. This growth slightly outpaces Bitcoin’s 35% rise over the same period.

As Bitcoin approaches the highly anticipated $100,000 milestone, Solana is well-positioned to benefit from it.

In 2024, Solana solidified itself as one of the most utilized chains, particularly favored by traders and meme coin projects.

The chain is attracting companies like Jito, Raydium, and Pumpfun, known for their record-breaking revenues, which shows its competitive edge. SOL could test new all-time highs and outpace BTC in December.

Dogecoin (DOGE)

Dogecoin has shown a strong historical positive correlation with Bitcoin, which has helped fuel its impressive 148.64% rise over the past month.

As Bitcoin approaches the $100,000 milestone, DOGE’s correlation with BTC positions it well to capitalize on the broader market’s bullish momentum.

With a $60 billion market cap, Dogecoin dominates the meme coin market, surpassing the combined valuation of the next 15 largest meme coins.

This dominance reflects its unique position as the go-to asset in that category. If the meme coin season continues to gain traction alongside Bitcoin’s rally, DOGE is likely to attract more interest and volume.

Render (RENDER)

Render has surged 76% in the last 30 days, solidifying its status as one of the most significant artificial intelligence coins in the crypto market. Even with this recent surge, RENDER is still 35.09% below its previous all-time high, reached in March 2024.

Competing closely with TAO, RENDER has been alternating between the first and second positions among AI coins. Both boast a market cap of approximately $4.55 billion.

The growing narrative around AI altcoins, driven by advancements in crypto AI agents, has created substantial momentum for the sector.

If this trend continues, RENDER stands to benefit from increased adoption and interest, potentially outpacing Bitcoin’s growth and maintaining its upward trajectory into December.