XRP (XRPUSD) Price Forecast: January 3
The XRP recovery rally may swing up to $2.87 as the bulls continue gaining strength in the XRP market. Based on the outlook, the coin may continue its bullish movement if buyers should aggressively increase their grip on the asset. The coin might further swing and climb up to the $3.00 upper resistance level and beyond, as it approaches the anticipated target.
Key Levels:
Resistance Levels: $2.50, $2.55, $2.60
Support Levels: $1.40, $1.30, $1.20
XRP (USD) Long-term Trend: Bullish (Daily Chart)
The XRPUSD price may swing up to a $2.87 high level as the pair experiences a jolly bullish move in its long-term view. The coin price is advancing above the moving averages with huge volumes from the bulls, suggesting an upward trend. Thus, the recent market structure has favored the bulls.
The sustained bullish pressure at the $2.35 high level before the end of yesterday’s session has enhanced the crypto price to swing up and remain firm above the supply levels in its recent high.
Today, the XRP price shows a strong bullish trend and swings up to a $2.44 resistance level above the EMA-50 as the daily session opens, gunning for the upper boundary of the range.
This breakup may accelerate the bullish momentum and swing up the ongoing correction to a $2.87 previous barrier level, as the risk-off sentiment continues.
Hence, there is a tendency for the XRPUSD price to swing up and rise further if the support level holds. As a result, buyers may take the token price up to a high of $3.00 soon in its long-term perspective.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
The XRPUSD pair is nearing a crucial point and may swing up to the overhead level as upward pressure still dominates the market in the medium term. The price currently trades above the moving averages, confirming a bullish trend. The bulls’ pressure at the $2.35 resistance level in the last few hours has enabled the crypto price to swing up to its recent high.
Today’s market value of XRP at a $2.40 supply value above the moving averages as the 4-hourly session opens today affirms the presence of more buyers in the market.
In addition, with the daily stochastic pointing upwards, we can expect more bullish action to swing up the XRPUSD price, if all the support holds in place. The price of XRPUSD might swing up or jump up to the $3.00 upper high level soon in its medium-term outlook.
Buy XRP on eightcap.com
Leave a Reply