XRP, the third-largest digital asset, experienced a 5% decrease in price, falling below $3. This price had been maintained for several weeks, and if it does not recover, it may retest $2.70. Despite the recent increase in trading volume, it has not yet reached levels seen in November. However, the accumulation of XRP suggests that investors are still holding onto their tokens. Several factors could push XRP's price above $5, including the approval of spot XRP exchange-traded fund (ETF) applications, resolution of the SEC lawsuit, and inclusion in the US crypto reserve. The Relative Strength Index indicates that bulls are in control, but a decrease in buying pressure suggests lower prices may be expected. The MACD indicator also suggests a bearish trend, with potential support levels at $2.50, $2.20, and $2.
Content Editor ( coinedition.com )
- 2025-01-27
XRP Price Prediction January 27: Will $2.70 Support Hold the Line?
