{"id":7211,"date":"2025-01-12T09:17:00","date_gmt":"2025-01-12T09:17:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7211"},"modified":"2025-01-12T09:17:00","modified_gmt":"2025-01-12T09:17:00","slug":"2-metrics-indicate-ripple-xrp-price-faces-trouble-after-recent-surge-to-2-60","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7211","title":{"rendered":"2 Metrics Indicate Ripple (XRP) Price Faces Trouble After Recent Surge to $2.60"},"content":{"rendered":"<div>\n<p><strong>TL:DR;<\/strong><\/p>\n<ul>\n<li>XRP\u2019s price went on an unexpected run on Saturday night, surging to a multi-week peak of $2.6 before correcting slightly.<\/li>\n<li>However, some on-chain metrics suggest that the asset could face trouble in the following days, especially if it fails to close above $2.47.<\/li>\n<\/ul>\n<figure id=\"attachment_378344\" aria-describedby=\"caption-attachment-378344\" style=\"width: 1835px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRPUSD-3.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-378344\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRPUSD-3.png\" alt=\"XRPUSD. Source: TradingView\" width=\"1835\" height=\"819\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRPUSD-3.png 1835w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRPUSD-3-300x134.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRPUSD-3-1024x457.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRPUSD-3-768x343.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRPUSD-3-1536x686.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRPUSD-3-50x22.png 50w\" sizes=\"auto, (max-width: 1835px) 100vw, 1835px\"><\/a><figcaption id=\"caption-attachment-378344\" class=\"wp-caption-text\">XRPUSD. Source: TradingView<\/figcaption><\/figure>\n<p>As <a href=\"https:\/\/cryptopotato.com\/why-is-ripples-xrp-price-up-today\/\" data-wpel-link=\"internal\">reported<\/a> on Saturday evening, XRP\u2019s rally drove the asset from $2.33 to $2.5 and later to $2.6, which represented an 11.5% surge within less than 24 hours. Although the asset has lost some steam since then and currently sits at $2.51, it\u2019s still over 6% up on the day.<\/p>\n<p>This came shortly after <a href=\"https:\/\/cryptopotato.com\/how-will-ripple-xrp-and-dogecoin-doge-prices-react-as-whales-keep-buying\/\" data-wpel-link=\"internal\">reports<\/a> emerged that whales had amassed more than a billion XRP tokens within a mere 48-hour period during the most recent correction in the middle of the business week.<\/p>\n<p>However, this is where the popular crypto analyst Ali Martinez sounded the alarm about a potential drawback for XRP\u2019s price.<\/p>\n<p>At first, he pointed out that the TD Sequential, a technical indicator used to show the market exhaustion in either direction, had flashed a sell signal on the 4-hour chart. Nevertheless, this bearish formation will be invalidated if the asset closes above that line, which it still maintains.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The TD Sequential presents a sell signal on the <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$XRP<\/a> 4-hour chart, anticipating a brief correction. The bearish formation will be invalidated if <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#XRP<\/a> closes above $2.47! <a href=\"https:\/\/t.co\/CrW303RTaT\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/CrW303RTaT<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1878130227114553386?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 11, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Additionally, Martinez highlighted a growing number of short positions opened when XRP peaked at $2.6. Recall that Ripple\u2019s cross-border token was among the few with notable gains on Saturday evening while the rest of the market stood silently.<\/p>\n<p>Many traders might have anticipated a short-term correction due to XRP\u2019s divergence from the pack, which indeed occurred to the current levels. The question now remains whether the cryptocurrency will remain above the aforementioned support or that was just the start of a broader correction.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">A lot of <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$XRP<\/a> shorts were opened at $2.60, creating a substantial liquidation zone that market makers may try to grab. <a href=\"https:\/\/t.co\/cPIPwSjLEI\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/cPIPwSjLEI<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1878300831025377366?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/2-metrics-indicate-ripple-xrp-price-faces-trouble-after-recent-surge-to-2-60\/\" rel=\"nofollow\">2 Metrics Indicate Ripple (XRP) Price Faces Trouble After Recent Surge to $2.60<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL:DR; XRP\u2019s price went on an unexpected run on Saturday night, surging to a multi-week peak of $2.6 before correcting slightly. However, some on-chain metrics suggest that the asset could face trouble in the following days, especially if it fails to close above $2.47. XRPUSD. Source: TradingView As reported on Saturday evening, XRP\u2019s rally drove [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7211","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7211"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7211\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}