XRP Price Prediction For January 30
The post XRP Price Prediction For January 30 appeared first on Coinpedia Fintech News
Ripple’s XRP has currently drifted into the green zone and the price is now eyeing to break the $3.20 level. As long as XRP holds above the $3levels, the current bullish scenario remains plausible, with the expectation of moving towards the upside. While the primary scenario is bullish, there is a possibility that the market could still be in a corrective phase.
In the short term, XRP has shown a strong reaction to support and is currently in a pullback phase. After a 20% move up from a support area, the price has encountered a minor pullback. It is important to monitor the micro-level support and the potential for the price to continue its upward trajectory.
Micro Support Levels:
$2.76 – $2.97: These are the immediate support levels for the current pullback. XRP should ideally not break below $2.76 in the short term to maintain the bullish outlook. If the price holds within this range and forms a higher low, it will signal a continuation of the bullish trend.
Upside Price Targets: Breakout and Bullish Continuation
Should the pullback hold and the price find support above the $2.76 level, the price could see a potential breakout to the upside. The following price targets are critical for confirming the continuation of the bullish trend:
Resistance and Target Levels:
$3.40: A breakout above this level would be a key signal for further upside movement. This level has already proven to be a significant resistance point in recent price action.
$3.42: This level represents the 138% retracement of the previous wave and acts as a crucial resistance point.
$4.20: The next Fibonacci resistance level above $3.40. A successful breakout above $3.40 would likely bring XRP to test this level.
$5.00: The ultimate upside target for XRP, based on larger Fibonacci extensions. If the bullish momentum continues, $5.00 could be the next major target to the upside.
