XRP Price Prediction For January 19
With less than 48 hours to go until the inauguration of Donald Trump, the cryptocurrency market is abuzz with excitement as a historic moment approaches. Bullish momentum is strong as XRP keeps rising as Solana hits new all-time highs.
XRP continues to consolidate below its all-time highs, which is not surprising as it could take a while for the price to break out and remain above those levels. Key Support Levels for XRP Still defined between $2.52 and $2.94, and these levels remain valid. Currently, XRP is experiencing a correction, which is a natural part of any price movement and may provide opportunities for future growth.
Main support levels:
At the time of writing, XRP is trading at $3.21, down more than 1% in the past 24 hours. However, the altcoin gained an impressive 25% last week. Retracement levels are expected to reach the 38.2% to 78.6% Fibonacci levels, with support areas at $2.94, $2.81, $2.68, and $2.52.
Possible results:
In terms of possible outcomes, if wave A moves slightly lower, it will still be part of a healthy three-wave down move. A rebound from these levels could be corrective in nature, leading to another decline before a potential rebound.
Looking ahead, if XRP breaks out above $3.39 or $3.40, we may see the price move towards the next major Fibonacci level, possibly towards $4.19 or even $5. However, if the price falls below $2.52, the bullish structure will expire.
in conclusion:
The latest market data shows that XRP occupies a strong position, with a market capitalization of over $180 billion. Despite the recent 7% drop, many see this as a buying opportunity for long-term gains. As the inauguration approaches and Trump’s influence in the cryptocurrency space grows, some experts are predicting significant price fluctuations ahead.
