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The post XRP Price Prediction For January 15, 2025 appeared first on Coinpedia Fintech News

XRP, the native token of Ripple Labs, appears bullish and has successfully confirmed its breakout. On January 11, 2025, XRP broke out of a bullish flag and pole price action pattern. However, due to market uncertainty, it experienced a minor correction but managed to hold above the breakout level of $2.40.

Rising Whales Transactions on XRP Network

However, with significant attention from long-term holders and whales, XRP has breached its strong resistance level of $2.60, which it has been facing since December 7, 2024.

Reason Behind XRP Price Rally

Today, January 15, 2025, a prominent crypto expert posted on X (formerly Twitter) that whale transactions exceeding $1 million on the XRP network have been continuously rising. According to on-chain analytics firm Santiment, these large transactions have occurred over 341 times in the past 24 hours, which might be driving today’s significant price rally.

The number of transactions over $1 million on the $XRP network is on the rise, hitting 341 transactions in the past 24 hours, shows on data from @santimentfeed. pic.twitter.com/a2eHLsitlq

— Ali (@ali_charts) January 15, 2025

Another potential reason behind XRP’s price rally is that the case between the Securities and Exchange Commission (SEC) and Ripple is approaching a conclusion.

XRP Price Action and Upcoming Levels

With these recent developments, XRP appears bullish and is heading toward its all-time high. Based on the recent price action and the breakout of the bullish flag and pole pattern, there is a strong possibility that it could soar by 55% to reach the $4.45 level in the future.

Source: Trading View

However, this substantial price rally could also be influenced by President-elect Donald Trump’s inauguration, scheduled for January 20, 2025.

At present, the crucial levels are $2.60, a strong support level that XRP needs to maintain if market sentiment changes, and $3, which currently acts as a modest resistance level that could pose a challenge for XRP in its upcoming rally.

Current Price Momentum

The potential closure of the SEC vs. Ripple case and the 341 transactions exceeding $1 million on the XRP network have caused XRP’s price to soar by more than 12% in the past 24 hours. Currently, it is trading near $2.85. These developments have also attracted significant attention from traders and investors, resulting in a 75% surge in trading volume.

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According to Odaily, the U.S. core Consumer Price Index (CPI) for December recorded an annual rate of 3.2%, marking the lowest level since August 2024. This figure was slightly below market expectations, which anticipated it to remain steady at 3.3%. Following the release of the CPI data, the U.S. Dollar Index (DXY) experienced a brief drop of over 40 points, settling at 108.74.