XRP Scores A Lower High Break On Daily – ATH Next?
January 12 2025 - 1:30AM
NEWSBTC
Amid market uncertainty and selling pressure, XRP stands out as a
bullish contender in the crypto space. Despite challenging
conditions, XRP has managed to maintain its position above key
demand levels, fueling optimism among investors and analysts alike.
As the market looks for signs of recovery, many see the altcoin as
a potential leader poised for significant gains in the coming
months. Related Reading: Whales Buy 470 Million Dogecoin In 48
Hours As Price Tests Crucial Demand Level – Details The
anticipation of a massive rally continues to build, with investors
eagerly awaiting XRP’s breakout above its all-time high (ATH). Such
a move would mark a pivotal moment, setting the stage for price
discovery and substantial growth. Adding to the optimism, top
analyst Cheds Trading recently shared a technical analysis on X,
highlighting a critical development in XRP’s price action.
According to Cheds, XRP has scored a lower high break on the daily
timeframe—an indicator that often signals a bullish continuation.
This technical milestone suggests that XRP’s upward momentum could
intensify soon, further solidifying its bullish outlook. With
market participants closely monitoring these developments, XRP
appears well-positioned to capitalize on any broader market
recovery and lead the charge toward new heights. XRP Eyes Rally
Amid Market Uncertainty XRP is trading just below a crucial supply
zone. Market watchers are optimistic about its potential to ignite
a massive rally if it breaks through this level. This optimism is
fueled by XRP’s strong performance since the U.S. election, which
has bolstered investor confidence in its prospects for 2025.
Analyst BigCheds recently shared a technical analysis on X that
adds weight to the bullish sentiment surrounding XRP. According to
BigCheds, XRP has achieved a lower high break on the daily
timeframe, which is a key technical signal for a bullish trend.
This development suggests that the momentum is building, and XRP
may be preparing for a significant breakout. For XRP to sustain
this bullish trajectory, the next critical step is to break above
the $2.80 mark. This level serves as a major barrier and a gateway
to challenging its all-time high (ATH). If XRP reclaims this
territory, it will enter price discovery—a phase often leading to
exponential growth as buyers drive the price higher with little
historical resistance. Related Reading: Ethereum Sees $1.4 Billion
In Exchange Outflows This Week – Strong Accumulation Trend?
Investors are closely monitoring these developments, as breaking
the $2.80 level could set the stage for XRP to lead the market into
a new era of gains. Price Action Shows Bulls In Control XRP
is trading at $2.54 after an impressive 15% surge since Friday,
showcasing renewed bullish momentum in a market filled with
cautious optimism. Bulls have taken control, pushing the price
higher and testing crucial resistance levels that could define the
next phase of XRP’s rally. The immediate challenge for XRP lies at
the $2.72 supply zone, a key level that hasn’t been tested since
mid-December. Breaking above this critical resistance would signal
the potential for a rally into uncharted territory, setting XRP
toward price discovery. A breakout here would likely lead to an
aggressive upward move, attracting fresh capital and fueling
bullish sentiment. However, the bullish case is not without risks.
XRP must hold above the $2.45 mark to sustain its upward
trajectory. Failure to maintain this support could lead to
increased selling pressure, possibly sending the price back into a
consolidation phase. Related Reading: Bitcoin Faces Major
Deleveraging – Analyst Explains Price Crash Below $100K The next
few days are crucial as XRP navigates these pivotal levels. A
successful breach of the $2.72 mark would solidify its position as
a market leader, setting the stage for a potential rally to new
all-time highs. Featured image from Dall-E, chart from TradingView
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