XRP, Litecoin, Hedera Price Analysis: Is The Rally Over?

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The cryptocurrency market is undergoing a pivotal shift as investor focus moves from Bitcoin to high-potential altcoins. After Bitcoin’s surge toward $100,000 stalled near $99,800 in late November 2024, capital has begun flowing into underperforming assets like XRP, Litecoin (LTC), and Hedera (HBAR). This rotation signals growing confidence in altcoin rallies, but overbought indicators across these assets suggest a period of correction may be imminent.

With Bitcoin’s dominance dropping by over 9% in early December, the stage is set for strong altcoin momentum—yet technical signals warn of short-term exhaustion. Can XRP, Litecoin, and Hedera sustain their explosive gains into 2025, or is a pullback unavoidable?

XRP Price Analysis: Bullish Breakout Meets Overbought Pressure

Short-Term Outlook: Correction Looms at Key Resistance

XRP has surged over 400% since November 2024, reaching $2.72—the highest level since May 2021. However, the rally is showing signs of fatigue. On the four-hour chart, XRP/USD is testing a critical resistance zone between **$2.72 and $2.85**, which aligns with Fibonacci retracement levels at 4.236 and 4.618. This zone has historically triggered corrections of 13–20%.

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Adding to bearish signals, the Relative Strength Index (RSI) has climbed above 82, far exceeding the overbought threshold of 70. Such extreme readings often precede pullbacks. A rejection at resistance could send XRP down to $2.175, a level supported by the 2.618 Fibonacci extension and the 20-period exponential moving average (EMA).

For bulls to regain control, a decisive breakout above $2.85 is required.

Long-Term Potential: 75% Upside by Q1 2025?

On the weekly chart, XRP has broken out of a multi-year symmetrical triangle pattern—a bullish formation that often leads to significant price expansion. Volume surged during the breakout, confirming strong institutional interest.

The first major upside target lies at $3.00** (1.618 Fib), with a secondary target at **$4.67 (2.618 Fib)—a potential 75% gain from current levels. However, caution remains warranted: the weekly RSI stands at 92.37, an extreme overbought level not seen in years.

If a correction occurs, support zones to watch include:

While long-term fundamentals appear strong, short-term traders should prepare for volatility.

Litecoin Technical Analysis: Breakout Confirmed, But Pullback Likely

Immediate Risk: 15% Correction in December

Litecoin has gained over 80% since November, climbing to $125 by early December. The price has moved within an ascending parallel channel on the four-hour chart, bouncing between support and resistance with consistent volume.

However, LTC/USD now faces resistance between $125 and $136, with the 1.618 Fibonacci extension at $136.86 acting as a key ceiling. The RSI sits at 74, indicating overbought conditions that could trigger a short-term selloff.

A pullback could see Litecoin drop to:

This represents a potential 15% decline in December if bearish momentum builds.

Weekly Chart: Multi-Year Trendline Broken

On a broader timeframe, Litecoin has broken above a long-standing descending trendline that had capped gains since 2021. This breakout, supported by rising volume, marks a structural shift in market sentiment.

LTC has doubled since its September low and is now targeting:

Despite this bullish outlook, the weekly RSI at 77.51 suggests overheating. If a correction unfolds, key support lies at $95–$100, where the 200-week EMA and former trendline converge.

A deeper retracement could test the 50-week EMA near $78, but as long as this level holds, the long-term uptrend remains intact.

Hedera Price Analysis: Record High in Sight Amid Doji Warning

Short-Term Risk: Doji Signals Bearish Reversal

Hedera (HBAR) has skyrocketed 525% since November, reaching $0.28 by early December. The surge reflects growing adoption of its enterprise-grade distributed ledger technology.

However, technical warnings are flashing. A Doji candlestick formed on the four-hour chart—indicating market indecision after a sharp rally. Combined with an RSI above 86.60, this suggests bullish exhaustion.

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A pullback could push HBAR down to $0.20, a 30% decline from current levels. This zone aligns with:

Traders should monitor price action closely—if HBAR closes below $0.25 with strong volume, a deeper correction may follow.

Weekly Momentum: Targeting All-Time High

Despite short-term risks, Hedera’s weekly chart paints a bullish picture. The asset has risen 40% in one week alone and is now trading above $0.30—a level not seen since January 2022.

HBAR has cleared the $0.26** resistance (0.786 Fib), opening the path toward its all-time high of **$0.58. A decisive breakout above $0.30 could accelerate momentum toward that target.

On the downside:

As long as the uptrend remains supported by volume, Hedera remains one of the most promising altcoins for 2025.

Frequently Asked Questions (FAQ)

Q: Is XRP likely to correct in December 2024?
A: Yes, technical indicators suggest a potential 20% correction due to overbought conditions and resistance at $2.85.

Q: What is Litecoin’s next major resistance level?
A: After breaking its long-term downtrend, Litecoin’s next key resistance is at $258 (0.618 Fib), with $600 as a long-term target.

Q: Why is Hedera showing a Doji pattern?
A: A Doji indicates trader indecision after a strong rally, often preceding a pullback—especially when combined with an overbought RSI.

Q: Can XRP reach $4.67 by Q1 2025?
A: If bullish momentum holds post-correction, a move toward $4.67 (2.618 Fib) is possible, representing a 75% gain.

Q: Is now a good time to buy HBAR?
A: While long-term potential is strong, short-term risk is elevated; consider dollar-cost averaging or waiting for a pullback to $0.20.

Q: How does Bitcoin dominance affect altcoins like LTC and XRP?
A: Declining Bitcoin dominance typically signals capital rotation into altcoins, boosting their price momentum—exactly what’s happening now.

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The current market environment favors altcoins as Bitcoin consolidates. While XRP, Litecoin, and Hedera all show strong long-term potential, short-term overbought conditions suggest caution is warranted. Traders should balance optimism with risk management—watching key support and resistance levels closely as we head into Q1 2025.

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