#NFPCryptoImpact $BTC

XRP Price Poised for ‘Strong Move’ Above $2.90 as Sentiment Gauges Point to Optimism

XRP’s market structure suggests that the altcoin is poised to make a run to new all-time highs.

The cryptocurrency has followed the broader crypto market trend by selling off sharply, but the altcoin is still holding onto the bulk of its 300% gains, which it accumulated in the latter part of 2024. The altcoin managed to avoid a deeper correction between January 7 and January 9, as it continues to consolidate near a downtrend line, eyeing a potential breakout above the key resistance range between $2.50 and $2.60.

Valeria, a crypto and forex trader, said that XRP price is currently in a key decision zone. The trader explained that the altcoin’s bullish rejection or bounce from the $2.15 to $2.20 level indicates “the intentions of major players.” The trader added,