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Daily Technical Analysis Research 17.01.2025 – Cryptocurrency (RIPPLE)

RIPPLE (XRP/USD):

XRP has finally achieved new all-time highs (ATHs) after nearly seven years, reclaiming a peak of over $3.40 for the first time. Currently trading at just above $3.30, the cryptocurrency has gained additional momentum and continues to trend upward.

Daily Technical Analysis Research 17.01.2025 - Cryptocurrency (RIPPLE) - mrfAOpCh
Examining the technical details, it’s clear that we’ve decisively broken through this internal resistance zone. I’ll be watching closely to see how the price reacts if it revisits this area, whether it can successfully retest, hold as support, and sustain its upward movement. Currently, the RSI indicator suggests the price may be approaching overbought territory in the short term. However, given the current momentum, I wouldn’t be surprised if the upward trend continues.

Daily Technical Analysis Research 17.01.2025 - Cryptocurrency (RIPPLE) - P8RSEYMO

 

Author

Matthew Hayward
Matthew is a well-experienced Market Analyst with a key focus on both Fundamental and Technical Analysis. He has experience in covering various market topics including Cryptocurrency, Foreign Exchange, Indices, and Commodities. He looks to provide we...
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