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coinpedia 2025-01-29 05:20:53

XRP Price Prediction For January 29

XRP Price Prediction For January 29

The post XRP Price Prediction For January 29 appeared first on Coinpedia Fintech News XRP has shown strong performance recently, but it remains below the all-time highs on the long-term chart. Although the price has formed marginally higher highs in some cases, it hasn’t sustained a definitive break into all-time high territory. As a result, it i s still in a phase of consolidation. Key Price Levels to Watch Currently, XRP is consolidating just below the $3.40 level, which has been a significant resistance point. While there hasn’t been a confirmed breakout into new highs, experts are closely watching for a move towards the $4.20 and $5 targets in the near future. These are key milestones for XRP to hit, with further upside potential possibly reaching $6.62 if the bullish momentum continues. For now, price action is creating an unclear microstructure, but it’s important to understand that the overall trend is still upward. Even with some short-term volatility, the bigger picture remains positive for XRP. Short-Term Patterns: Volatility and Key Support Levels On the smaller time frame, XRP had been in a triangle pattern that was completed around January 13, 2025. After the breakout, the price hit resistance below the all-time high area, which isn’t surprising given its importance in the market. Similar to Bitcoin’s struggle with the $100,000 mark, XRP might take multiple attempts before breaking out convincingly above its current resistance. The key support area to watch is at $2.52. If XRP holds above this level, it could mean a successful bounce from the correction. However, should the price drop below this support level, XRP may see a potential move towards $2.32, and possibly even as low as $1.96. While further downside is always a possibility, the $2.52 support level will act as a critical point for validation. If the price manages to stay above this level, the price might see an immediate breakout to the upside.

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