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Daily Technical Analysis Research 24.01.2025 – Cryptocurrency (RIPPLE)

RIPPLE (XRP/USD):

Ripple appears to be holding and respecting this internal resistance zone, which it previously broke above and is now using as support.

Daily Technical Analysis Research 24.01.2025 - Cryptocurrency (RIPPLE) - 3xxi5OBa

A closer look at the technicals reveals that price action has perfectly retraced to this lower Fibonacci level, specifically the key 50% mark. I will now be closely monitoring whether price action can break above the recently established all-time high (ATH) and observing reactions at these key levels for potential trading opportunities.

Daily Technical Analysis Research 24.01.2025 - Cryptocurrency (RIPPLE) - vi2PzQsp

 

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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