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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Jan 19, 2025 04:43 UTC
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XRP Price Prediction For January 19
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XRP $ 2.20 (-6.52%) 
XRP shows bullish potential with support at $2.52-$2.94; breakout above $3.39 could lead to a surge toward $4.19 or $5.
XRP consolidates below ATH but remains strong with 25% weekly gains; market watching for price movement as Trumpโs inauguration nears.
The crypto market is brimming with excitement as we approach a historic momentโDonald Trumpโs inauguration less than 48 hours away. With Solana reaching new all-time highs and XRP making gains, thereโs a lot of bullish momemtum.ย
XRP continues to consolidate just below its all-time high, which isn’t surprising as it may take some time before the price breaks and sustains above this level. The key support levels for XRP remain defined between $2.52 and $2.94, and these levels are still valid. At the moment, XRP is experiencing a pullback, which is a natural part of any price movement and could present an opportunity for future growth.
Key Support Levels
At the time of writing, XRP is trading at $3.21 and is down by more than one percent in the last 24 hours. However, the altcoin has gained an impressive 25 percent in the last week. The retracement levels are expected to reach between the 38.2% and 78.6% Fibonacci levels, with support areas at $2.94, $2.81, $2.68, and $2.52.
Possible Outcomes
In terms of possible outcomes, if Wave A extends slightly lower, it would still be part of a healthy three-wave move down. A bounce from these levels would likely be corrective in nature, leading to another dip before a potential rally.
- Also Read :
- XRP Lawsuit News: Rippleโs Fight with SEC Faces New Twist as Trump Promotes Meme Coin
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Looking ahead, if XRP breaks above $3.39 or $3.40, we could see prices move toward the next major Fibonacci level, possibly reaching $4.19 or even $5. However, if the price falls below $2.52, it would invalidate the bullish structure.
Conclusion
The latest market data shows XRP holding a strong position with a market cap of over $180 billion. Despite a recent 7% dip, many see this as a buying opportunity for long-term gains. As the inauguration draws closer and Trumpโs influence in the crypto space increases, some experts predict significant price movements ahead.
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