Let's talk about the price speculation for XRP on January 2, 2025! Recently, an article has gone viral on Coinpedia Financial News, predicting the price of XRP on that day.
To be honest, XRP has been soaring recently. Although everyone thinks this is just a small rebound, the upward momentum is undeniably strong. Now, XRP has surged to the range of $2.42 to $2.45, which was identified based on that magical Fibonacci sequence's resistance level. Isn't that impressive? However, despite the significant increase, XRP shows no signs of stopping and will continue to fluctuate.
So what’s next? How much higher can it go?
We need to carefully consider the upcoming trends for XRP. I think there are two possibilities:
One is to continue following the Fibonacci sequence approach; once we reach the previous target, we will look at the next one, which is the $2.60 position. If it breaks through that, it will present a new challenge.
The other method is to compare the previous fluctuations. The earlier surge was impressive, but the next phase, between $2.54 and $2.62, will be the real test. If XRP can break through this range, the current triangular trend might change, potentially leading to a direct surge to a historical high.
A new high? It’s certainly possible!
If XRP surpasses $2.62, the triangular trend may no longer apply. This change might not necessarily be a bad thing; it could be a precursor to reaching a new high. Moving forward, we need to keep a close watch for any new low points or signs of a direct surge. This is big news for XRP, and for traders, it's important to be alert; opportunities shouldn't be missed, especially when prices are rapidly increasing.
As I write this article, XRP has risen by 13% and is currently selling at $2.40. Let's wait and see how XRP will perform next!
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