The recent rally in XRP's price seems to have ended in a corrective pattern, as it has not yet confirmed a breakout from triangle patterns tend to show strong upward movement. A key support level at $2.39 is critical for maintaining the uptrend, and the price may revisit this support zone before retesting it. The current price action suggests that the triangle pattern is still intact, and a break above $2.72 is required for confirmation. The broader cryptocurrency market is under downward pressure, but XRP has not breached any significant support levels. The key invalidation point for the current pattern is at $1.96, and if broken, a major shift in market structure is likely. While a potential upward breakout is suggested by the triangle pattern, a more complex structure like a WXY correction could also unfold, potentially leading to a downward movement before resuming upward momentum.
- Content Editor ( coinpedia.org )
- 2025-01-14
XRP Price Prediction For January 14