XRP Price Prediction for January 11

01/11/2025 21:58
XRP Price Prediction for January 11

Has rate of XRP returned to midterm growth yet?

Original U.Today article

Has rate of XRP returned to midterm growth yet?

XRP Price Prediction for January 11

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Despite bears' pressure, some coins are trying to return to the green zone, according to CoinMarketCap.

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Top coins by CoinMarketCap

XRP/USD

Unlike other coins, the price of XRP has risen by 4% over the last day.

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Image by TradingView

On the hourly chart, the rate of XRP is in the middle of the local channel. As most of the ATR has been passed, any sharp moves are unlikely to happen soon.

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Image by TradingView

A similar picture is on the bigger time frame. The growth of XRP has continued after yesterday's bullish closure, however, one should pay attention to the current bar.

Related

Bitcoin (BTC) Price Prediction for January 10

If it closes with a long wick, traders might not witness an ongoing upward move.

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Image by TradingView

From the midterm point of view, neither side is dominating. However, if the weekly bar closes around the interim level of $2.50, the growth may continue to the $2.60-$2.80 range soon.

XRP is trading at $2.3936 at press time.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

About the author

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Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

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