XRP price prediction: Bulls and bears clash over THIS support

The XRP price action leaned bearishly.
The defense of the $2 support has been stout and the selling volume was weak.

As a seasoned analyst with years of experience navigating the volatile crypto markets, I must admit that the current XRP price action has me intrigued. The defense of the $2 support is reminiscent of a well-fortified castle under siege, and while the selling volume has been weak, it’s not uncommon for the occasional trebuchet to hurl some bearish sentiment our way.

The daily timeframe suggests a bearish outlook, but I’m not ready to sound the retreat just yet. The Awesome Oscillator’s dip below the zero line is a worrying sign, but it’s also important to remember that oscillators can be as changeable as the wind. A drop below $2 could lead to a deeper retracement, potentially toward $1.4 or even $1, but I believe this could present an opportunity for swing traders to re-enter the market.

The A/D indicator’s steady upward trend indicates that buying pressure remains strong, and the relatively low selling volume suggests a cautious approach from bears. It seems we’re in a stalemate, with bulls and bears tussling for control of $2.

Looking at the liquidity build-up beneath this support area, it appears to be relatively slim, which could suggest that XRP might visit the $1.98 and $2.23 regions in the near future. If we do find ourselves in a range, I can only imagine the strategies being hatched in the campfires of the crypto community.

Lastly, it’s important to remember that Bitcoin‘s direction is likely to dictate XRP’s market sentiment. As they say in the trenches, “Don’t fight the Fed (or BTC)!”

And on a lighter note, let me leave you with this: In this crypto game, we’re all just trying to find our own ‘hidden treasure’. Sometimes it’s $2, sometimes it’s $10,000. But remember, the real treasure is the journey and the knowledge gained along the way. So keep your eyes on the charts, but don’t forget to enjoy the ride!

According to recent price trends and liquidation patterns, it appears that Ripple [XRP] is showing signs of a temporary downturn in the near future. This trend, unfortunately, aligns with many other cryptocurrencies, as they have been affected by Bitcoin’s [BTC] drop over the past fortnight.

In simpler terms, the analysis for today suggested that XRP’s price might decrease. If it falls below the level where buyers usually step in ($2), it may continue to decline towards $1.4 or possibly even $1. This dip could offer a chance for traders looking for longer-term opportunities to rejoin the market.

XRP price prediction-bulls and bears tussle for control of $2

According to AMBCrypto’s assessment of XRP on its daily chart, there appears to be a dominant bearish trend. The price movements are forming a bearish pattern, and currently, a pullback or correction phase is in progress. Moreover, the Awesome Oscillator has dipped below zero, implying that the negative price action is picking up speed.

At present, a decline towards the 61.8% and 78.6% Fibonacci retracement levels might be plausible but seems unlikely given the robust buying activity within the $1.96 to $2.2 range. This region is considered significant due to it being identified as a value gap on the daily chart, dating back to December 1st.

The A/D indicator is consistently increasing, suggesting persistent demand for purchases. Even with a change in momentum, trading volumes have remained fairly minimal, as suggested by the decrease in volume bars observed over the past three weeks.

Liquidity build-up and imminent price targets

Regardless of the attempts by XRP supporters to maintain the value around $2, the amount of liquidity below this support level is still rather limited. The liquidation map emphasizes the areas at $1.98 and $2.23 in bright green, suggesting these are the potential price points to watch next.

Read Ripple’s [XRP] Price Prediction 2025-26

Based on my extensive experience in the cryptocurrency market, I have observed that price movements can sometimes be unpredictable and volatile. However, given the current situation with XRP, it seems plausible to me that the price could potentially revisit certain zones and temporarily reverse direction towards another liquidity pocket, creating a range over the next few weeks. This is not an exact prediction, but rather a possibility based on market trends and patterns I have noticed in my years of trading. As always, I encourage careful analysis and consideration before making any investment decisions.

The direction of Bitcoin is also anticipated to dictate XRP’s market sentiment.

2025-01-01 16:07

XRP price prediction-bulls and bears tussle for control of $2

Liquidity build-up and imminent price targets

Read More