News View Non-AMP

XRP Price Prediction for January 5

Published by
Anjali Belgaumkar

Ripple’s XRP is currently down by more than two percent and is trading below the critical $2.40 level. For XRP to maintain its upward momentum, it must hold above current support levels, particularly the $2.29 mark. Keep in mind that XRP, like many major altcoins, often follows Bitcoin’s price action. If Bitcoin experiences a short-term bounce, we may see similar movements in altcoins like XRP.

Possible Pullback or Minor Slowdown Ahead?

Although the bearish divergence may signal a pullback, it does not always lead to a significant drop. Sometimes, it results in a minor slowdown, like the current resistance around the $2.50 mark. With XRP nearing a key resistance point and flashing this warning sign, it’s not the best time to open new long positions. In fact, it could be a good idea to take some profits from existing positions for now.

Support and Resistance Levels 

The price is also encountering resistance at $2.70 and $2.63. Pivot points show additional resistance at $2.58 and $2.53, with some stalling observed in the 3-10 day moving average crossover and raw stochastic levels at 80% and 70%.

The price crossed the 18-day moving average at $2.41, and the 38.2% retracement from the 4-week high stands at $2.41. Additional support is found at $2.40 (first support point) and $2.35 (second support point), with a 50% retracement from the 4-week high/low at $2.31. The 9-day moving average also stalled at $2.33.

Further support levels appear at $2.27 and $2.19, where the price crosses the 9-day moving average. Deeper support is found at $2.20 and $2.11, with raw stochastic levels showing oversold conditions at 20%. 

Anjali Belgaumkar

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 “Enthusiast” but trust me I'm getting there.

Recent Posts

Avalanche Poised for a 250% Upswing—Here’s the AVAX Price Prediction for 2025

Ever since the crypto markets have shown some stability, altcoins like Avalanche have refrained from…

April 29, 2025

U.S. SEC Delays Decision-Making on Franklin Templeton’s Spot XRP ETF: What Next?

The U.S. SEC recently approved XRP futures ETF, thus dramatically increasing the odds for a…

April 29, 2025

Summer Markets Could be Bearish; Bitcoin Enters Now-or-Never Trade-Here’s What’s Next for BTC Price?

Bitcoin continues to maintain its upward trend ever since the token has bounced off above…

April 29, 2025

Tether Could Lose Its #3 Crypto Spot to XRP – Here’s Why

There’s a storm brewing in the crypto markets, but where you least expect it!  While…

April 29, 2025

Cardone Capital Eyes Bitcoin with Over 1,000 BTC Purchase Plan

Cardone Capital, a real estate investment firm managing $5 billion in assets, is set to…

April 29, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . ADA coin price could…

April 29, 2025