XRP (XRPUSD) Bulls Are Dominating

XRP (XRPUSD) Price Forecast: January 18

The XRP bulls are dominating, gaining strength as the coin market flashes a bullish pattern. The coin’s rising volume is backed up by the investors fueling funds into the asset. Based on the market structure, the coin may continue its bullish movement if buyers should aggressively increase their activities in the market. The coin might surge to the $3.80 upper resistance level, reflecting growing investors’ interest and momentum.

Key Levels:
Resistance Levels: $3.22, $3.23, $3.24
Support Levels: $1.95, $1.94, $1.93

XRP (USD) Long-term Trend: Bullish (Daily Chart)

The recent market suggests the XRP bulls are dominating as the pair keeps experiencing a jolly bullish move toward the upper boundary of the range in its long-term view. The coin price is above the moving averages with huge volumes from the buy investors, suggesting an uptrend.
Actions from the long traders at a $3.20 value in the previous session have increased XRPUSD price above the supply trend lines in its recent high.

At the press time today, the market price of XRP at the $3.39 high level above the moving averages as the daily chart opens implies that the bulls are dominating and gaining strength as the market remains in an uptrend, suggesting the possibility of a surge in the coin price above the current level, as it maintains its upward trajectory.

Hence, there is a tendency for the XRPUSD pair to rise further as shown by the daily signal pointing upwards. Therefore, if the $3.39 supply level holds, buyers might take the price to a high of $3.80 soon, as the bulls keep dominating in its long-term perspective.

XRP (USD) Medium-term Trend: Bullish (4H Chart)

The bulls are dominating as upward pressure still dominates the XRPUSD market in the medium-term outlook. The price trades above the moving averages, confirming its bullish trend.
The coin buyers’ pressure to a $3.20 resistance level during the previous session has enabled the coin price to remain firm in an uptrend in its recent high.

Today’s market value of XRP at a $3.39 supply value above the moving averages as the 4-hourly session opens, affirms that the bulls are dominating and gaining more strength in the crypto investments.

Thus, a breakout above the $3.39 current high mark would enable buyers to regain control and potentially drive the coin price toward the upper resistance area.

In addition, with the daily stochastic pointing upwards, more bullish action is expected if all the support holds in place. As a result, the price of XRPUSD might jump to the $3.80 upper high level soon as the bulls remain dominant in its medium-term outlook.

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