CandleFocus Ripple Price Analysis: Can XRP’s Momentum Sustain After 8% Daily Surge?
2025-01-12
Author: Content Editor
The price of Ripple has recently shown low market activity and has remained within a sideways wedge pattern, indicating consolidation and indecision. In order to establish a sustained market direction, a clear breakout from this pattern is necessary. The low volatility of Ripple is potentially due to broader macroeconomic factors, such as uncertainty surrounding President Trump's transition to the White House. The price has found support at the 0.5 Fibonacci level and faces significant support near the 0.5 and 0.618 Fibonacci levels. A breakout from the $2-$3 range could dictate Ripple's long-term trend, with a bullish breakout triggering a rally and a bearish breakout resulting in significant declines.
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