XRP (XRPUSD) Price Indicates a Potential Growth

XRP (XRPUSD) Price Forecast: January 30

The XRP market erases some of the losses made as it indicates potential growth, moving towards the upper channel with high enthusiasm from the coin traders. The bulls are gaining strength in the XRP market at the moment. From the look of things, the coin may continue its bullish movement if buyers should aggressively increase their activities in the market. The coin might surge with positive sentiment to reach the $3.80 upper resistance level and beyond, leading to a buying opportunity for coin traders.

Key Levels:
Resistance Levels: $3.11, $3.12, $3.13
Support Levels: $0.45, $0.44, $0.43

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

The XRP price indicates potential growth as it moves towards the upper resistance above the converging trend lines, denoting a bullish trend and a rise in volatility. Thus, the recent market structure has favored the bulls.
The sustained bullish pressure at the $3.05 high mark was able to push the coin price upside in the previous session and has enhanced the crypto price to remain firm and indicates a potential growth above the supply levels in its recent high.

Today, the market price of XRP indicates a potential growth to a $3.11 high level above the moving averages as the daily chart opens, and  from the look of things, it will keep growing.

Hence, if the bulls increase their confidence in the XRPUSD investment, the coin market trend could see a potential growth to hit the $3.40 barrier level, attracting big players to drive the price higher.

Furthermore, there is a tendency for the XRP market to rise further, if the support level holds, this will enable buyers to take the price up to a high of $3.80 soon in its long-term perspective.

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

Upward pressure still dominates the XRPUSD market in the medium-term time frame. The price indicates potential growth and trades above the moving averages, confirming its bullish trend.

The bulls’ pressure on the coin to a $3.09 resistance level in the previous action has made it possible for it to retain its upward growth in recent times.

Today’s market value of XRP at a $3.12 supply value above the moving averages as the 4-hourly session opens today affirms the presence of more buyers in the market.

Thus, a breakout above the $3.40 previous swing high 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. As a result, if all the support holds, the price of XRPUSD might jump to the $3.80 upper high level soon, indicating potential growth in its medium-term outlook.

Buy XRP on eightcap.com