XRP Stops At The 2.75 Dollar Mark And Risks A Descent

Cryptocurrency analysts of Coinidol.com report, the price of Ripple (XRP) has continued its sideways trend above the moving average lines since its rally on January 1, 2025.

XRP long-term analysis: fluctuation range

The altcoin remains range-bound, trading above the 21-day SMA support. On January 11, the uptrend came to a halt at a high of $2.60. Today, the bullish momentum has returned and the price is retesting the $2.75 resistance level. If the buyers break through the $2.75 barrier, the altcoin will rally to a high of $2.91 or $3.00. However, if the buyers fail to push the price above the $2.75 barrier, the altcoin will continue to trade horizontally above the moving averages. 

XRP indicator analysis

Since January 1, the XRP price bars have been above the moving average line. XRP price has been constantly moving due to the dominance of doji candlesticks. On the 4-hour chart, the moving average lines are showing a bullish crossover, indicating positive signals.

Technical indicators:

Key resistance levels – $2.80 and $3.00

Key support levels – $1.80 and $1.60

What is the next direction for XRP?

On the 4-hour chart, XRP is trading sideways after the price rejected the recent high of $2.60. On January 11, the price of the cryptocurrency dipped and fell below the moving average lines. The bulls bought the dips and resumed their uptrend, aiming to retest the recent high. While the price traded below the recent high, it stagnated.

Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing.