The cryptocurrency market is closely monitoring XRP, as its price appears poised for a significant move above $2.9. Recent analysis and sentiment metrics suggest the asset may be on track for a continuation of its bullish trajectory, potentially reaching new all-time highs.
Cointelegraph recently highlighted XRP’s price behavior, stating it is preparing for a “powerful move” above the $2.9 mark. This comes as optimism grows within the XRP community, with both technical and on-chain indicators aligning to reinforce a positive outlook.
🚨 LATEST: $XRP price preps for ‘powerful move' above $2.90 as sentiment metrics signal optimism, suggesting that it’s gearing up for a run to new all-time highs. pic.twitter.com/bstTXx3Uib
— Cointelegraph (@Cointelegraph) January 10, 2025
Key Technical Levels
Analyzing the digital asset’s 4-hour chart, several critical levels and zones emerge. At the time of Cointelegraph’s analysis, XRP traded at $2.3168, with a recent bounce off the support area of $2.1558 that sent it as high as $2.5. This support zone corresponds to an order block, a region of prior accumulation, that has historically served as a launchpad for upward momentum.
Cointelegraph also highlighted a fair value gap (FVG) near the $2.1558–$2.2 range, indicating inefficiencies in price movement that may attract bullish interest. The market may revisit this area before a sustained rally takes place, as liquidity and support converge here.
On the resistance side, the daily chart shows a key resistance zone around $2.5. Breaking through this range would likely signal a continuation of XRP’s broader uptrend, potentially pushing it above $2.9.
Beyond this, the psychological $3 level could be a magnet for price action, supported by both technical setups and increasing market confidence. If XRP can sustain its momentum, it could reach a new all-time high in no time.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Sentiment and Market Factors
The sentiment surrounding XRP remains positive, bolstered by its spectacular performance in late 2024, and its resilience in early 2025. The digital asset has stayed above $2 level for weeks now, and with the positive signs on its chart, it could soon turn the $3 level to support, and potentially target its all-time high of $3.84.
At press time, XRP had risen to $2.32 slightly higher than its price at the time of Cointelegraph’s analysis. Other factors could also contribute to XRP’s momentum as it targets the $2.9 threshold. Ripple CEO Brad Garlinghouse recently met with President-elect Donald Trump and described this meeting as a strong start to 2025.
This meeting and Trump’s upcoming return to office and the resignation of Gary Gensler, current Chair of the U.S. Securities and Exchange Commission (SEC), have set the stage for a massive bullish resurgence.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
