XRP (XRPUSD) Price Could See More Increase

XRP (XRPUSD) Price Forecast: January 16

The XRPUSD price could increase as the bulls are gaining strength and remain more dominant in the market. The coin price shows signs of recovery after experiencing significant declines in the past few weeks. Based on the outlook, the coin may continue its bullish movement if buyers aggressively increase their activities in the market, and this may break the resistance level at $2.87 to hit the $3.00 upper resistance level and beyond, offering a good entry opportunity for coin buyers.

Key Levels:
Resistance Levels: $2.50, $2.55, $2.60
Support Levels: $0.60, $0.50, $0.40

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

The XRP price remains steady in a bullish trend and could see more increase as the bulls continue to gain strength, lifting the token to new highs.
The price bars are above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.

The sustained bullish activity to a $2.56 high level in the last session has enhanced the crypto price to see more increase and remain firm above the supply levels in its recent high.

Today, the market price of XRP at the $2.60 supply level above the EMA-50 as the daily chart opens implies that the price is in an uptrend, and the way it is at the moment, it could see more increase and will keep growing.

The XRP market could see more increase, and a potential upswing would get better confirmation of a bullish recovery if the buyers break above the December 2nd high of $2.87. The post-breakout rally would lead the crypto price toward the upper resistance area, creating excitement among investors.

Hence, there is a tendency for the XRPUSD to rise further if the support level holds. As a result, buyers might take the token price up to a high of $3.00 in the coming days, as it looks for more increase in its long-term perspective.

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

The order flow from the bulls has made the XRPUSD price see more increase and remain in upward pressure in the medium-term time frame. The price bars are above the moving averages, confirming its bullish trend.
The bulls’ increase in buying pressure to a $2.49 high level has contributed to the bullishness in its recent high.

Today’s market value of XRP at a $2.59 supply value above the moving averages as the 4-hourly session opens today suggests that the token price could see more increase as buyers remain dominant and the journey up north continues.

Furthermore, if the bullish momentum persists, a breakout above the $2.60 combined resistance with candle closing will signal a strong buy signal for interested traders.

In addition, with the daily stochastic pointing upwards, the XRP market could see if all the support holds in place. Thus, the coin price might jump up to the $3.00 upper high level soon in its medium-term outlook.

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