The price of XRP showed significant structural strength on the daily chart on January 11th, after the altcoin reached a high of $2.60. Although it dropped to $2.33 by January 13th, XRP quickly rebounded, climbing back above $2.45 within the same trading day.
XRP currently ranks as the third-largest cryptocurrency asset by market capitalization—including stablecoins—with a total market value of $141 billion.
XRP/BTC Aims for Breakout Above Multi-Year Resistance
While XRP underperformed compared to Bitcoin during the 2021 bull cycle, the altcoin has established a strong position throughout 2024 and into 2025. Last week's weekly close above $2.50 marked the strongest weekly candle close for the XRP/BTC trading pair since October 2022.
Moreover, if XRP continues to outperform Bitcoin, it could break through a major four-year weekly resistance level initially established in May 2021. This resistance has been tested three times in recent years, with the most recent attempt occurring in November 2024.
Overall, XRP's price action against Bitcoin indicates growing market interest as the altcoin approaches its all-time high (ATH) of $3.40, set back in 2018.
Regarding a potential new ATH, cryptocurrency trader CRYPTOWZRD commented:
“XRP has flipped previous resistance into support and is now poised to climb toward $4.00, with a longer-term target of $8.00.”
The trader supported this prediction by referencing a market fractal visible on XRP's weekly chart, which appears to be mirroring the altcoin's bullish behavior from 2017.
Similarly, Titan of Crypto, a technical analyst and cryptocurrency investor, identified a comparable price target of $4.32. The analyst highlighted that XRP's daily price action recently invalidated a death cross by forming a golden cross, further supporting the bullish outlook.
XRP Breaks Out of Bullish Pattern
On January 11th, XRP surpassed its immediate resistance at $2.50, resulting in a decisive breakout from a triangle/flag pattern. This pattern developed over 42 days—or seven weeks—and carries a technical breakout target near $3.50. This represents a potential 50% increase from the $2.35 breakout point.
However, for the bullish scenario to fully unfold, XRP must achieve a daily close above the key resistance zone between $2.48 and $2.60, effectively turning that range into new support. The Relative Strength Index (RSI) is currently consolidating above 50, indicating that buying pressure continues to build on longer-timeframe charts.
A daily close above $2.60 could allow XRP to move swiftly toward $2.72 and $2.90, as significant sell-side liquidity is positioned just above these levels.
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Frequently Asked Questions
What is the all-time high for XRP?
XRP reached its all-time high of $3.40 in January 2018. Many analysts believe that current market conditions could allow the asset to surpass this level in the near future.
What does a golden cross indicate?
A golden cross occurs when a short-term moving average crosses above a long-term moving average. It is generally considered a bullish signal, suggesting that upward momentum may be building.
How does XRP performance compare to Bitcoin?
The XRP/BTC trading pair indicates how XRP is performing relative to Bitcoin. A rising XRP/BTC ratio means XRP is outperforming Bitcoin, which is often interpreted as a sign of altcoin strength.
What is the significance of the RSI indicator?
The Relative Strength Index (RSI) measures the speed and change of price movements. An RSI above 50 typically indicates bullish momentum, while a reading below 50 may suggest bearish conditions.
What are the major resistance levels for XRP?
Key resistance levels to watch include $2.60, $2.90, and the previous all-time high near $3.40. A break above these levels with sustained volume could open the path toward higher targets.
Why are market fractals relevant?
Market fractals are repeating patterns that analysts use to predict potential future price movements. Some traders believe that historical patterns can provide insight into how current market cycles may develop.