XRP roars

XRP's incredible month — busting loose, defying skeptics, tripling in price — continues.

As of Black Friday morning there was no other large-cap coin looking quite so green as XRP. It surged 14% in 24 hours.

Since the start of November, XRP has spiked 219% to $1.66 per token, a level not seen in more than three-and-a-half years and attained despite indications of "whale" investors paring back positions.

However, the futures market for XRP has never been this robust: open interest exceeds $2 billion, a record for futures positions connected with the sixth-largest coin.

Crypto is humming along today. A few lesser-discussed coins are making their potential known. For example, No. 54 Algorand (ALGO) in the past day has surged by nearly 30% to $0.37. ALGO, ostensibly an Ethereum rival, also has tripled since Nov. 1.

And what's this, VIRTUAL, native asset of Virtuals, 92nd-largest coin, up 34% in 24 hours? We're actually not sure what this is. An "on-chain AI Agent protocol." We'll have to bone up. AI Agent refers to a system capable of autonomously doing stuff on behalf of a user or another system. Virtuals Protocol's sweet spot has something to do with gaming.

Since reaching an all-time high above $99,000 last Friday, Bitcoin has shed about 3%. Only days ago, BTC plunged toward the low-$90K region, sparking chatter about corrections as steep as 20%. Relief is making itself known today with an expressive BTC burst to near-apex levels. A sustained march toward $100K could happen any moment.

Solana's ATH, meanwhile, was reached six days ago. SOL hit $263.21, according to CoinGecko. The fourth-largest digital asset has shed 8% since then.

Perhaps the fiercest competitor to Ethereum, Solana is a favorite among ETF issuers looking for their next offering.

A trio of institutions, VanEck, 21Shares and Canary Capital, have filed applications for a SOL-themed product. Investors betting on SOL's prospects are getting roughed up in the futures markets. Some $64M worth of long SOL futures positions have been liquidated in the past week as a natural pullback from the peak morphed into measurable bearish momentum.

Several big-cap coins are in the midst/on the verge of a historic breakout. The heady list includes ADA, DOGE, ETH, SHIB and XRP, to name merely a few. 

Some of these current forecasts are aggressive. One long-term prediction for XRP, for instance, has it going as high as $14, now that it has escaped the mother of all symmetrical triangle patterns.

Meanwhile, in terms of memecoins on which to keep a close eye, a trader, Bluntz, is touting PEPE as being on the cusp of an explosive move, relative to DOGE or SHIB, per The Dail Hodl.

ADA is another example of a token that has tripled since Donald Trump won the U.S. presidential election. It has cracked $1, a mark not reached in two-and-a-half years. So how much more room does ADA have to run? At least one bull, analyst-pundit Ali Martinez, thinks ADA might reach $6 by mid-2025. But considering the kinds of formidable resistance levels looming, some investors question whether further ADA gains are realistic, Brave New Coin said.

As for XRP, $14 seems far out; although if Bitcoin goes parabolic, fulfilling $120K prophecies once scoffed at, XRP reaching a new record high seems possible if not probable.

The seven-years-in-the-making technical breakout of XRP resembles a similar sprint-to-daylight chart plot that came ahead of XRP’s 43,650% rally in 2017-2018, when XRP hit $3.40, as Cointelegraph pointed out.

Fundamentals support a bull run. SEC Vs. Ripple is a fight in the fleeting, exhausted moments of its final round. Ripple’s recent partnership with Archax, set to launch a tokenized money market fund on the XRP Ledger, "could further boost XRP adoption," Cointelegraph said.

But at the same time, XRP's Relative Strength Index (RSI) levels rising above 70/100 underscores a rally marked by swiftness and enormity, invoking concerns of overbought conditions, so community members should keep their guard up.