Could XRP surge to new highs in January 2025? First two days of trading suggest an upside bias
XRP long-term holders soaked up short-term holders' recent profit-taking as they resumed accumulation.
Buyers across top exchanges have dominated sellers since the beginning of 2025.
XRP could test the $2.9 resistance after breaking out of a key symmetrical triangle pattern.
XRP has sustained over $11.03 million in liquidations in the past 24 hours, per Coinglass data. The total amount of liquidated long positions reached $2.72 million, while short liquidations accounted for $8.31 million.
XRP broke above a symmetrical triangle pattern on Thursday, extending its New Year's Day rally. With the breakout, XRP could rally toward the resistance level at $2.9. The move could be strengthened if XRP sees a slight downturn and bounces off the triangle's upper boundary line.
