{"id":9854,"date":"2025-01-27T12:36:23","date_gmt":"2025-01-27T12:36:23","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9854"},"modified":"2025-01-27T12:36:23","modified_gmt":"2025-01-27T12:36:23","slug":"xrp-price-getting-ready-for-the-next-leg-up-why-it-can-break-above-3-5","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9854","title":{"rendered":"XRP Price Getting Ready For The Next Leg-Up, Why It Can Break Above $3.5"},"content":{"rendered":"
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Price action in the past 24 hours has seen XRP break below the $3 mark<\/a> again. XRP initially managed to cross above the $3 mark on January 15, a move that marked a notable milestone in trading above this level for the first time in seven years. However, this level has failed <\/a>and the altcoin has fallen below it again in the past trading day.<\/p>\n

Nonetheless, XRP\u2019s foray above the $3 mark again shows its potential to return above this level, especially after years of being labeled dead<\/a> by some crypto analysts. Interestingly, an analysis on the TradingView platform suggests that the cryptocurrency may be preparing for another significant breakout, not only to reclaim the $3 mark but also to exceed $3.5 very soon.<\/p>\n

XRP Holds Steady In The Equilibrium Zone<\/h2>\n

Technical analysis of <\/a>the XRP price action on the 3-hour candlestick chart shows that the cryptocurrency has managed to maintain a stable position within an equilibrium zone despite the intense volatility witnessed among cryptocurrencies<\/a> in the past few days before and after Donald Trump\u2019s inauguration.\u00a0<\/p>\n

According to the analysis, XRP is currently trading within a wedge pattern, which has historically been a precursor to decisive price movements. Interestingly, this pattern has been developing since January 16, when the asset reached a peak of $3.38 before beginning a corrective phase. The cryptocurrency has exhibited a progressively tightening range within this range, which is a delicate balance between buying and selling pressures that could break out in either direction.<\/p>\n

\"XRP\"<\/p>\n

Notably, the consolidation within the wedge pattern appears to be reaching its climax, and the analyst highlighted this as a key indicator of XRP\u2019s readiness to embark on its next leg up. As such, the analyst predicted that the next move would be a bullish return above the $3 mark, with a particular target at $3.5 before any other correction.\u00a0<\/p>\n

Potential Risks: Bearish Divergence On The Weekly RSI<\/h2>\n

Although the outlook for XRP remains bullish, the technical analysis also pointed to a possible bearish divergence forming on the weekly RSI. This divergence occurs when the price of an asset moves higher while the RSI indicates weakening momentum.\u00a0<\/p>\n

Although this presents a risk, the analyst expressed confidence that the current wedge pattern and its steady performance could outweigh this bearish signal.<\/a> Its continued trading within the accumulation zone is another encouraging factor. If a significant decline were in the picture, it likely would have occurred already. The fact that XRP has held firm in this zone suggests strong support from buyers,<\/a> with selling pressure being effectively offset by steady buyer interest.<\/p>\n

Should the altcoin achieve the projected $3.5 target, it would mark an 18.5% increase from the current price and represent a breakout above its previous all-time high of $3.40. However, this could be considered a short-term price target. Long-term projections for XRP are far more ambitious<\/a>, with targets ranging from $7 to as high as $20.<\/p>\n

\"XRP\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Price action in the past 24 hours has seen XRP break below the $3 mark again. XRP initially managed to cross above the $3 mark on January 15, a move that marked a notable milestone in trading above this level for the first time in seven years. However, this level has failed and the altcoin […]<\/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-9854","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\/9854","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=9854"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9854\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}