XRP has lost the third position in the market after a 4.40% price drop in the past week.
A breakout above $2.55 is necessary to confirm an uptrend for the XRP token.
An analyst predicted that XRP will see a bullish or bearish breakout between Jan 16th and 31st.
XRP faces a critical price juncture, hovering between $2 support and $2.50 resistance. After a 4.40% decline this week, the altcoin ceded its third-place market position to USDT, the largest stablecoin by market cap.
According to CoinMarketCap data, XRP trades at $2.31, reflecting a 0.43% dip in the last 24 hours, with a market capitalization of $132.58 billion. It remains 39.95% below its all-time high, but analysts suggest that breaking the $2.50 resistance could set the stage for a potential surge.
Analyst Speculates on XRP’s Next Move
Crypto analyst EGRAG CRYPTO shared insights on X (formerly Twitter) about XRP’s price dynamics, noting its symmetrical triangle pattern. According to the analyst, XRP needs to either breach $2.55 or drop below $2.07 for any significant momentum. Until then, price action may remain subdued.
The analyst predicted a bullish scenario if XRP completes the s…
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