News View Non-AMP

XRP on the Verge of a Breakout, 40% Rally Imminent?

Published by
Chandan Gupta

Amid the recent price decline, XRP, the native token of Ripple Labs, has formed a bullish price action pattern and is poised for a double-digit price rally. Today, January 31, 2025, the overall cryptocurrency market seems to be recovering, including Bitcoin (BTC) and Ethereum (ETH), but XRP appears to be struggling.

XRP Current Market Sentiment

Despite the positive market sentiment, XRP is currently trading near $3.13 and has experienced a modest price surge of over 0.80% in the past 24 hours. During the same period, investors and traders have shown lower interest, resulting in a 35% drop in trading volume.

This modest price surge caused XLM to surpass XRP in terms of gains, as it soared more than 13% in the past 24 hours. It appears that XRP traders and investors are now shifting their attention to XLM, amid potential spot ETF talks.

XRP Technical Analysis and Upcoming Levels

According to expert technical analysis, XRP has formed a bullish flag and pole price action pattern on the daily time frame and seems to be struggling to break out.

Based on the recent price action, if XRP successfully breaches this pattern and closes a daily candle above the $3.21 level, there is a strong possibility it could soar by 40% to reach the $4.50 level in the future.

With XRP’s Relative Strength Index (RSI) near 59, it indicates that the asset has enough room to soar and experience impressive price gains.

XRP’s Mixed-Sentiment

Looking at the bullish price action, investors seem to be accumulating the token, as revealed by the on-chain analytics firm Coinglass. Data from spot inflow/outflow shows that exchanges have witnessed an outflow of over $12 million worth of XRP in the past 24 hours, which indicates potential accumulation and could cause buying pressure and a further upside rally.

Traders Bet on XRP

Despite the bullish outlook from investors and whales, intraday traders found betting on the bearish side. XRP’s exchange liquidation map revealed that $3.063 is a level where bulls are over-leveraged, holding $24.50 million worth of long positions. Meanwhile, $3.183 is the level where short sellers hold $50.09 million worth of short positions.

This data reveals that short-sellers are currently dominating in the short term, as they hold nearly double the positions of long-term holders.

Chandan Gupta

Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

Recent Posts

Ripple News: John Deaton Says XRP ETFs Are Coming

BitGo, a leading crypto custody and trading firm, has entered a strategic partnership with VivoPower.…

June 3, 2025

XRP Price Prediction For June 3

XRP’s price has been under pressure lately, with the token stuck in a bearish trend.…

June 3, 2025

Pi Network Beats XRP for Top Spot in Latest Crypto Usage Poll

Pi Network has outperformed XRP in a recent poll about cryptocurrency usage on Zypto VISA…

June 3, 2025

Best Cryptocurrencies for June 2025: Ripple (XRP), Dogecoin (DOGE), Mutuum Finance (MUTM)

As market sentiment shifts and fresh momentum builds across digital assets, June 2025 presents a…

June 2, 2025

Live Coin Watch Alert: Bitcoin Solaris’s 21M Fixed Supply Creates Your Second Chance at Bitcoin’s Growth Path

When Bitcoin first emerged, its fixed 21 million supply was mocked. Today, that scarcity has…

June 2, 2025

Singapore Cracks Down on Unlicensed Crypto Firms with Strict New Rules

Singapore’s financial authority announces that unlicensed crypto firms operating overseas after June 30 will be…

June 2, 2025