XRP Price Prediction For January 10
XRP remains in a sideways trading range, with the price currently down by more than 4%. To confirm the breakout, XRP needs to break above the $2.51 level. This level is an important first sign that a low may have been reached and the market may start to move higher.
Despite yesterday’s rally, the price failed to break above this key resistance level, meaning the breakout is not yet fully confirmed. The $2.72 level is more critical. If XRP moves above this level, it would signify a full-blown breakout of the triangle pattern, signaling a potential bullish move.
Understand the difference between instructions and confirmations
It is important to distinguish Between indication and confirmation. If XRP moves higher but fails to break out of the $2.72 high, it could be an extension of the triangle rather than completion of the pattern.
A breakout of the highs is crucial to confirm that the triangle pattern is complete and the price is ready to move in a new direction. However, it is still possible for the triangle to extend before we see this level breached.
Key Support: $1.96 Level
Another important level to watch is $1.96, which is a key support area. If XRP falls below this level, the triangle pattern will become invalid and the market may enter a larger bearish structure. This level remains a key point for the bullish thesis to hold.
Patience is key
These integrations are often slow and tedious, which is currently the case with XRP. However, this stage requires patience. As long as XRP remains above support between $2.24 and $2.23, the market may still focus on higher price action.
