Prime XBT App
Prime XBT App
Download and Trade Now!

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...
Read author’s articles
Alert Triangle Risk Disclaimer
Disclaimer: The content provided here is for informational purposes only. It is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results.
The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

Ready to put your insights into action?

Receive the latest news and stay informed.

Start Trading Start Trading
Start Trading

Need Help?

Risk Warning:
Trading in leveraged products carries a high level of risk and may not be suitable for all investors.