XRP Price Prediction for Next Week: Watch Out for This Support Point!

Bittime - Ripple (XRP) is up more than 15% in the last 7 days, with the price currently at $2.42. 

So, what is the XRP price prediction for next week? Read this article to find out what support points you need to pay attention to!

XRP Price prediction: Resistance Level $2.50 

Currently, XRP is facing challenges at the $2.50 resistance level. This level has been a major barrier in recent times. 

On the 4-hour chart, XRP shows a bearish divergence, indicating selling pressure in this area. 

However, this divergence is not expected to last long, possibly only in the next 1-2 days. 

If XRP manages to break the $2.50 resistance level, then the XRP price prediction for the next week could be a positive signal for a short-term trend change.

Read Also: Don't rush to sell XRP, pay attention to these 7 important points! 

XRP Price Prediction for Next week 

PXRP price prediction for next week will be heavily influenced by XRP's ability to stay above key support levels. 

If the price fails to break the $2.50 resistance in the next few days, a correction towards lower support levels is likely. 

Important support levels to watch are $2.32, $2.22, and the area between $2.13-$2.14. If the selling pressure intensifies, the XRP price could fall further until it hits the lower boundary of the descending channel at around $1.83.

XRP Price Prediction: Support and Resistance Levels

Support and resistance levels are key elements in XRP price predictions for the week ahead. Resistance at $2.50 is the level that needs to be overcome to continue the uptrend. 

Meanwhile, support levels such as $2.32 and $2.22 have become important defensive points to prevent a deeper decline.  

Despite short-term fluctuations, XRP's long-term trend still looks bullish. The recent price increase indicates that there is considerable buying interest. 

So, make sure to always monitor XRP price movements closely and consider risk factors before making a decision.

Read Also: Potential of Ripple (XRP) Technology in Various Industrial Sectors 

XRP FAQs

What is XRP and what is its use?

XRP is a digital asset created by Ripple Labs and designed to facilitate cross-border payments. XRP blockchain technology enables transactions in just a few seconds with very low fees making it ideal for international money transfers and micropayments.

What is the Difference Between XRP and Other Cryptocurrencies Like Bitcoin?

XRP supports a cross-border payment system with a focus on speed and cost efficiency, different from Bitcoin which functions more as a store of value and investment tool. In addition, XRP uses a consensus mechanism that does not require mining so it is more energy efficient.

How much is 1 XRP USD?

Currently, 1 XRP is worth $2.42 according to Coinmarketcap. 

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Reference

Anjali Belgaumkar, XRP Price Prediction For January 6, accessed January 6, 2025.

Coinmarketcap, Coinmarketcap XRP Currency, accessed January 6, 2025.

Author: IPR