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

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.

PNUT price is gaining attention as one of the top 10 biggest meme coins in the market. The token has shown signs of bullish momentum, with its ADX rising and RSI nearing overbought levels, suggesting room for continued growth.

If the uptrend strengthens, PNUT could test $1.87 and even $2.50, challenging POPCAT’s position in the rankings. However, a loss of momentum could see PNUT face significant corrections, testing support levels as low as $0.41.

PNUT Buying Pressure Is Increasing

PNUT price is currently in an uptrend, with its ADX climbing to 17.5 from below 9 just a day ago, signaling improving trend strength. The ADX, or Average Directional Index, measures the strength of a trend on a scale from 0 to 100, without indicating its direction.

Values above 25 indicate a strong trend, while values below 20 suggest a weak or no trend. The current ADX level reflects that while PNUT’s uptrend is not yet strong, the significant increase suggests momentum is building.

The rapid rise in ADX indicates that buying pressure may be increasing, creating the potential for a stronger uptrend if the trend gains further traction.

Although still below the 25 threshold, which marks a strong trend, this upward shift in ADX highlights the possibility of continued price growth if current conditions persist.

PNUT RSI Keeps Rising

PNUT’s RSI is currently at 64.7, climbing significantly from below 50 just a day ago, indicating strengthening bullish momentum. The RSI, or Relative Strength Index, measures the speed and magnitude of price changes on a scale from 0 to 100.

Values above 70 suggest overbought conditions and potential for a pullback, while values below 30 indicate oversold conditions, often signaling a possible rebound. With its current level approaching the overbought zone, PNUT reflects strong buying activity but still has room for further growth.

Since PNUT price has not entered the overbought zone above 70 since November 14, its current RSI suggests the uptrend could continue before hitting resistance. Historically, RSI levels nearing 70 have coincided with periods of strong price increases, leaving room for additional upward movement.

If buying pressure persists, PNUT price could extend its rally further before reaching overbought territory, offering more opportunities for gains in the short term.

PNUT Price Prediction: Can It Surpass POPCAT In Market Cap?

PNUT, now the 9th largest meme coin in the market, is showing signs of a strengthening uptrend. If it builds momentum and breaks through the $1.41 resistance, it could climb to $1.87.

A successful push past that level could see PNUT price testing $2.21 and potentially reaching $2.50 again, putting it in a strong position to surpass POPCAT in the meme coins rankings, as their difference today is roughly $20 million.

However, if the current uptrend loses steam, a reversal could lead PNUT price to test key support levels at $1.04 and $0.74. If those supports fail to hold, the price might drop further to $0.41, marking a significant correction.