Price prediction for $XRP on January 8:
The price of $XRP Ripple is struggling to regain the fourth position, down nearly 3% in the last 24 hours. Currently, the price is trying to hold above the $2.30 level. If it breaks below $2.24, it may signal a change in market structure.
$XRP is in a spring phase, with a potential breakout soon. The accumulation phase since the beginning of December is nearing its end, and the next move seems to be upward.
Key support levels to watch are $2.23, $2.21, $2.17, $2.29, and $2.24. If the price surpasses the 50% Fibonacci level at $2.35, it could initiate a new uptrend.
After more than a month of trading within a range, the waiting period is coming to an end. The next move could be triggered by an unexpected factor. Keep an eye on the market!