In the last seven days, the price of XRP increased by 4.36%, making it one of the significant profit-yielding assets amidst a generally crypto market suffering from substantial losses.
After a general price correction in December, this well-known altcoin has shown steady growth with a rise of 19.52% since the start of 2025. However, there are several key price levels that play a crucial role in sustaining this upward trend.
Support Krusial XRP Muncul di Level $2,32
In the latest update on platform X (previously known as Twitter), More Crypto Online, a crypto market analysis platform, has shared crucial insights about the current state of the XRP market.
As a crypto investor, I’m noticing that XRP is currently enjoying a strong bullish momentum, indicating high interest from investors.
In this price surge, the analysts identified several key price levels that determine the direction of XRP in the near term. Firstly, they emphasized that bulls in the market should ensure the price doesn’t fall below the $2.32 level.
I need to ensure the current bullish structure holds up. Historically, if XRP fails to maintain its position above a crucial support zone, it could potentially trigger a downward trend that might drag the price down to $2,000, where the next major support level resides.
In further progression, analysts from More Crypto Online are focusing on the $2,50 level as a crucial resistance point for any potential bullish movement in XRP.
Currently, I observe XRP trading at around that level. These experts suggest that breaking the $2,50 mark will serve as a signal for an impending breakout in the hourly chart pattern, which would confirm the continuation of the bullish price trend.
In the context, a triangle pattern is a common shape in charts formed by two trend lines that are converging. This pattern is often used to indicate a period of consolidation before a potential breakout or breakdown occurs.
According to a deeper market analysis by “More Crypto Online”, if XRP manages to overcome the price barrier of $2.50, this asset could potentially push further up to approximately $2.72, which is the next significant resistance zone.
For investors, crossing or holding above the two resistance zones, specifically at $2,32, is a crucial factor in maintaining the current bullish momentum.
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Tinjauan Pasar
When this article was written, XRP was traded at $2.53 after recording a 6.94% increase over the last 24 hours. Meanwhile, during the same period, the trading volume of this coin skyrocketed by 61.21%, reaching $8.49 billion.
This cryptocurrency also records increased profits on a larger timeframe, with a growth of 5.37% over the last seven days and 8.07% in the past 30 days.
Drawing attention to it, the Relative Strength Index (RSI) currently stands at 64.35, indicating there’s still room for further growth as XRP has yet to enter the ‘overbought’ category.
Following the unexpected downturn in Q4 of 2024, analysts remain optimistic about the potential for this bullish altcoin, with numerous positive predictions continuing to emerge.
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Caution: Aiming for substantial profits always involves risk. This article is not financial advice, but rather a sharing of individual opinions. Always do your own research (DYOR) and never invest more than you can afford to lose. The views and perspectives expressed in this post are solely those of the client and may not necessarily reflect the official policy or stance of Bitcoinist.
While striving for big profits is exciting, it’s important to remember that it comes with risks. This article doesn’t offer financial advice, but rather shares personal opinions. Before investing, make sure you do thorough research and only invest what you can afford to potentially lose. The thoughts and views expressed here are those of the author and may not always align with Bitcoinist’s official policy or stance.
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2025-01-12 19:12