XRP Price Prediction For January 31
XRP shows a promising structure in the short term, and the price response to the key support level is good. After the merger for a period of time, The chart hints on a solid bullish setting THats have been built in recent days and weeks. The market’s response to these support areas shows that the possibility of positive price may be raised. When writing this article, the transaction price of XRP was less than 3.10 US dollars, a decrease of more than 1 % in the past 24 hours.
Current price action and support level
After the recovery in mid -January, XRP fell to a support area between $ 2.52 and $ 2.68. Although the market is not immediately classified, this scope is still crucial to determining the next move. As long as the price stays above the support area, it indicates that the market is respecting the current parameters and may rebound.
The key price level should be watched
In order to confirm that the low point has been established and the second wave has been completed, XRP needs to maintain its current low (about $ 2.65). If this level reaches, XRP can expect the market to tend to the range of $ 4.20- $ 5. It is important to note that the second wave is the callback of corrective measures. Experts expect that the trend will continue after this stage.
Key breakthrough level
In order to confirm that the upward trend is recovering, XRP needs to break the key resistance level. The first obstacle is the rest time of more than $ 3.21, followed by more than $ 3.40. Before these levels exceed these levels, the market is still within a certain scope, and the support area’s re -test is between $ 2.76 and $ 2.97. If XRP is interrupted below 2.76 US dollars, it may see the development of greater correction measures, and the price may be pushed to $ 2.52 again.
