XRP: A Different Perspective (TA)
2025-01-04
Category: None

Look where support was found. A 3.6 years long (1,323 days) resistance was conquered in November 2024. In December, this once resistance level was tested as support and holds. This is the April 2021 peak price established at $1.96.

Unless there is a sudden crash in the coming weeks, it is possible that XRP will never trade again below this level, ever. If XRPUSDT produces an advance now and goes toward $3 to later reach $4 and higher, then this once resistance level now turned support will remain as the base for long-term growth.

This week is the first green week after three weeks red. Confirmation is needed on this timeframe for the resumption of the bullish wave.

Say we get another green week next week, more likely than not, the bullish bias is confirmed. Unless a reversal (down) happens in the coming weeks, then it is guaranteed that XRP will turn full green, to never ever trade below $1.96, ever again.

But what is the chart saying, is below $1.96 already a thing of the past?

The short-term timeframe is the short-term. Market conditions can change in a day. 

As the chart it is now, we can say it is already a thing of the past, only confirmation is needed and strong confirmation can be gotten in two weeks. After this week, one more green week as continuation and another green week for a strong confirmation.

Of course, there can be sideways also. As long as XRPUSDT trades above its April 2021 peak price, we are in the bullish zone.

The entire Altcoins market is bullish. Bitcoin is bullish. We can easily assume that the market will continue to grow. It is a safe and wise assumption.

Thanks a lot for your continued support.

Namaste.