News View Non-AMP

XRP Daily Analysis: Price Prediction and Technical Insights

Published by
Chandan Gupta

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.

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.

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.

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

Bitcoin Faces Resistance at $119K as 613K BTC Threatens Selloff: What’s Next for BTC Price?

Bitcoin's upward momentum could face a major hurdle as over 613,000 BTC—worth billions—loom over the…

July 29, 2025

This ETH-Based Meme Coin Could Soar 9,900% and Turn $4,000 Into $400,000 Before Ethereum Reaches $10,000

Ethereum is the heart of the decentralized world, enabling all smart contracts, NFTs, and the…

July 29, 2025

Ruvi AI’s (RUVI) CoinMarketCap Listing Sparks Early Ripple (XRP) Excitement, Experts Say It’s This Summer’s Top Altcoin

The crypto world is in a frenzy over Ruvi AI (RUVI), the AI-powered altcoin that’s…

July 29, 2025

What Are JCOIN & JOYCOIN? Jd.com Moves Ahead of Hong Kong’s New Stablecoin Rules

Hong Kong’s stablecoin rules are set to launch this August, and JD.com is quietly making…

July 29, 2025

Corporate Ethereum Treasuries Could Hit 10% of Supply, Says Standard Chartered

Ethereum is entering a new phase of institutional adoption. From treasury strategies to bullish price…

July 29, 2025

Solana (SOL) Set to Hit $400 in 25 Days, While Viral Crypto Below $1 Could Flip $420 into $24,000 Before Cycle Top

Solana (SOL) has surged past $200, sparking excitement in the crypto market. Investors are buzzing…

July 29, 2025