XRP Price Rally Targets $4.33 amid Network Growth

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As an analyst, I’m observing a resurgence in the crypto market, and among the altcoins, it appears that XRP is spearheading this recovery with a significant jump of 8.75% over the last 24 hours. The price of XRP is currently trending towards the $3 mark, which has resulted in a substantial weekly gain of approximately 21.22%. With a daily volatility of 6.6%, and a market capitalization of around $157.05 billion, along with a 24-hour trading volume of over $11.88 billion, XRP is undoubtedly a coin to watch in the current market scenario.

With its rapid rise in market value and surpassing the worth of Disney, Ripple (XRP) has now become the third-largest cryptocurrency. This milestone suggests that the bullish trend for XRP is far from over, as it shows signs of a breakout rally on its daily chart – following a bullish flag pattern.

XRP Price Action and Technical Analysis

On January 13, the pattern of XRP’s price movement formed a long-bodied candle called a Doji, which served as a sign of potential reversal after a test. Following this successful retest, there has been an approximately 10% increase in the price of XRP over the last two days.

At present, XRP is being traded at approximately $2.82, and it’s attempting to surpass a significant area around $2.90, which previously served as a high point in its swing. As the upward breakout surge continues, the XRP price pattern also concludes a rounding bottom reversal.

If the Fibonacci support level of approximately 38.20% based on trends is found at $2.86, and if the bullish momentum successfully ends the day with a close above that level, it’s likely that the uptrend will persist further.

In simpler terms, the RSI line on a daily chart hasn’t crossed into the area indicating excessive buying (overbought), suggesting there’s still plenty of potential for prices to rise. Therefore, it seems that the price of XRP could keep rising in a bullish fashion.

XRP Price Targets and Support Levels

Based on the current trend, the projected Fibonacci level suggests a possible future price point for XRP could be around $4.33. However, if there’s a reversal, the significant support lies at approximately $2.5182, serving as a protective barrier during potential market downturns.

Growing Market Sentiment and Network Activity

With XRP’s bullish run picking up pace, there’s been an increase in chatter about it, as well as the overall crypto market. According to a recent analysis by Santiment, Bitcoin, Ethereum, and Dogecoin have become popular topics of conversation.

🎉 On Tuesday, there’s a noticeable resurgence in the crypto market, and conversations on social platforms indicate a growing optimism towards Solana, Dogecoin, and Cardano.

🤔 Meanwhile, things are much more polarized for top 3 assets Bitcoin, Ethereum, and XRP.

— Santiment (@santimentfeed) January 14, 2025

Although these increasing tokens have an equal balance of positive and negative comments, surprisingly, XRP exceeds them in total discussions and engagement.

Rising Whale Transactions Fuel XRP Price Rally

With XRP’s price targeting a record-breaking $3 level, its network activity is soaring to unprecedented levels. As shared in a recent update from Ali Martinez, the XRP network has witnessed an all-time high number of transactions exceeding $1 million.

There’s been an increase in transactions exceeding $1 million on the XRP network, with a total of 341 such transactions recorded over the last day, according to data from SantimentFeed.

— Ali (@ali_charts) January 15, 2025

Over the last day, we saw the number of transactions reach a high point of 341. According to Santiment’s data, this indicates increasing interest and activity surrounding XRP. This trend suggests that XRP’s optimistic outlook could be strengthened even further.

As XRP inches closer to the significant price level of $3 and network activity soars to record levels, the bullish momentum remains robust. If XRP manages to break through the resistance at $2.86 and maintains strong buying interest, it could potentially reach the Fibonacci target of $4.33 in the upcoming weeks.

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2025-01-15 14:46