Ripple Price Analysis: Can XRP’s Momentum Sustain After 8% Daily Surge?

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For a period, Ripple‘s market activity was relatively quiet, with its price movement remaining modest. However, there was an unexpected spike to $2.6 on the day prior.

The cost continues to move within a sideways triangle shape, suggesting a period of holding steady or uncertainty. In order for the market to clearly show its direction, it needs a significant breakout from this pattern.

XRP Analysis

By Shayan

The Daily Chart

As a crypto investor, I find myself observing Ripple’s current low volatility, which suggests a decrease in trading activity. This could be connected to broader economic factors, such as the uncertainty surrounding President Trump’s transition into office. Despite reaching $2.6 yesterday evening, XRP’s price is still confined within a wedge pattern and fluctuates between $2 and $3.

It’s essential for Ripple to escape from its current price range, as this action could determine the direction of its future movement. If there’s an uptrend breakout, it might initiate a strong upward momentum, whereas a downtrend breakout could lead to substantial drops.

The 4-Hour Chart

On the 4-hour chart, Ripple hit a floor at the 0.5 Fibonacci point ($2), sparking a small uptrend. But currently, it’s in a quiet period of low price movement and unclear trend direction.

Ripple faces significant support near the 0.5 ($2) and 0.618 Fibonacci levels, which have served as strong defenses for buyers in recent months. If buyers manage to defend this region, XRP may experience a bullish spike. However, if sellers push the price below this key support zone, the market could face long liquidations, leading to a substantial decline.

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2025-01-12 10:10