XRP Price Prediction For January 25
During the recent market movement, the price of XRP was different, falling by more than 4% on the weekly chart. At press time, XRP was trading at $3.12 and drifting slightly into the green zone.
Key Situation: Prices expected to reach new highs
With XRP There is room to move higher before the underlying trend turns. As of now, prices are expected to rise, possibly reaching new peaks. However, the key question remains: will this push higher leading to further gains, or will it mark the peak of the rally before a correction begins?
After a five-phase pattern, a major top or larger correction is usually followed, which increases the risk of an increase. This doesn’t necessarily mean a bearish trend, but the current rally may be approaching its end.
Potential Breakout Targets: Where Will Price Be?
On the smaller time frame, XRP is facing resistance at its all-time high of $3.30. A breakout above this level could lead to new price targets including $4.19, $5, or even $6.61.
XRP recently completed an inside triangle pattern that exploded into the upside on January 13. However, the price failed to surpass its all-time high heights and has since entered a consolidation phase. There are no clear breakout signals yet and the price is above key support levels between $2.52 and $2.94.
These support levels have been respected multiple times, and the price recently reacted to the $2.81 level, which represented a 50% recovery. Expectations could still carry over to higher prices, with potential moves to $4.90 or even $5. However, XRP may also form another low before continuing upward.
Traders should watch for a break above $3.30 to $3.40 to confirm the continuation of the bullish trend. Until that happens, a pullback toward lower support levels remains a possibility.
