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Cardano Cardano (ADA) $0.76 ↓ -2.46%
Hyperliquid Hyperliquid (HYPE) $41.99 ↓ -2.69%
Sui Sui (SUI) $3.75 ↓ -1.59%
Stellar Stellar (XLM) $0.41 ↓ -2.43%
Chainlink Chainlink (LINK) $17.47 ↓ -1.45%
Bitcoin Cash Bitcoin Cash (BCH) $567.52 ↑ 0.76%
Hedera Hedera (HBAR) $0.25 ↓ -2.65%
Avalanche Avalanche (AVAX) $23.13 ↓ -4.35%
Litecoin Litecoin (LTC) $109.11 ↑ 1.11%
UNUS SED LEO UNUS SED LEO (LEO) $8.95 ↑ 0.02%
Toncoin Toncoin (TON) $3.35 ↓ -0.02%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.04%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -2.11%
Uniswap Uniswap (UNI) $9.85 ↓ -3.39%
Polkadot Polkadot (DOT) $3.76 ↓ -2.62%
Monero Monero (XMR) $308.16 ↓ -2.17%
Dai Dai (DAI) $1.00 ↑ 0.02%
Bitget Token Bitget Token (BGB) $4.50 ↑ 0.19%
Pepe Pepe (PEPE) $0.00 ↓ -1.78%
Cronos Cronos (CRO) $0.14 ↓ -0.53%
Aave Aave (AAVE) $271.48 ↓ -3.49%
Ethena Ethena (ENA) $0.59 ↑ 2.74%
Bittensor Bittensor (TAO) $368.53 ↓ -2.60%
NEAR Protocol NEAR Protocol (NEAR) $2.61 ↓ -3.08%
Ethereum Classic Ethereum Classic (ETC) $21.16 ↓ -2.40%
Pi Pi (PI) $0.42 ↓ -2.36%
Aptos Aptos (APT) $4.44 ↓ -1.42%
Ondo Ondo (ONDO) $0.94 ↓ -1.09%
Internet Computer Internet Computer (ICP) $5.39 ↓ -0.35%
OKB OKB (OKB) $47.96 ↓ -0.78%
Mantle Mantle (MNT) $0.74 ↓ -2.03%
Kaspa Kaspa (KAS) $0.09 ↓ -3.08%
Bonk Bonk (BONK) $0.00 ↑ 0.22%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.22 ↓ -1.92%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -5.66%
Algorand Algorand (ALGO) $0.25 ↓ -2.64%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.00%
GateToken GateToken (GT) $17.38 ↓ -0.23%
Arbitrum Arbitrum (ARB) $0.41 ↓ -2.67%
VeChain VeChain (VET) $0.02 ↓ -1.97%
Render Render (RENDER) $3.80 ↓ -2.43%
Worldcoin Worldcoin (WLD) $1.06 ↓ -1.05%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.23 ↓ -1.98%
Sky Sky (SKY) $0.08 ↓ -0.03%
Sei Sei (SEI) $0.31 ↓ -2.68%
Story Story (IP) $5.89 ↑ 1.95%
Cosmos Cosmos (ATOM) $4.38 ↓ -4.07%
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Flare Flare (FLR) $0.02 ↓ -0.73%
Filecoin Filecoin (FIL) $2.46 ↓ -3.14%
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XDC Network XDC Network (XDC) $0.10 ↓ -4.90%
Jupiter Jupiter (JUP) $0.51 ↓ -3.45%
Four Four (FORM) $3.82 ↑ 1.58%
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Quant Quant (QNT) $118.00 ↓ -1.39%
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Pump.fun Pump.fun (PUMP) $0.00 ↓ -3.87%
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Lido DAO Lido DAO (LDO) $1.02 ↓ -1.78%
Sonic Sonic (S) $0.30 ↑ 0.21%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.01%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.32 ↓ -2.16%
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Pyth Network Pyth Network (PYTH) $0.12 ↓ -4.32%
Home Cryptocurrency

XRP Struggles to Gain Momentum Amid Key Resistance Levels

András Crow-Hreidar by András Crow-Hreidar
13 January 2025
in Cryptocurrency, News
Reading Time: 2 mins read
0
XRP is price movement challenges. The design features a candlestick chart with XRP logo prominent

Despite breaking a recent downtrend, XRP has failed to sustain gains above $2.50, retreating to $2.40. The cryptocurrency’s price action reflects declining risk appetite and increasing selling pressure in the market. With $2.30 emerging as a critical support level, XRP needs to surpass the $2.60 resistance to spark upward momentum.

Qubetics is 728x90 1 3

Table of Contents

Toggle
  • Key Resistance and Support Levels for XRP
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  • Market Conditions and Investor Sentiment
  • Current Performance and Outlook

Key Resistance and Support Levels for XRP

XRP’s recent price action has been underwhelming despite initial optimism following a breakout from a descending trendline. The token’s failure to climb above $2.50 has resulted in a loss of momentum, underscoring the insufficiency of buying pressure amid heightened selling activity.

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Currently, XRP faces significant resistance at $2.60, with declining trading volumes and traders showing hesitancy at higher price levels. Conversely, $2.30 is a pivotal support zone; breaching it could lead to further declines towards $1.69 or even $1.20.

Market Conditions and Investor Sentiment

The broader cryptocurrency market’s declining risk appetite has prompted many investors to lock in profits from recent rallies. This trend has disproportionately impacted assets like XRP, which have recorded substantial gains in the past weeks. Moreover, the Relative Strength Index (RSI) remains neutral at 57, signaling indecision in the market.

chart 12

Current Performance and Outlook

Over the past 24 hours, XRP’s price has dropped by 3.7%, landing at $2.43. After peaking at $2.56, the token has seen a gradual decline, with its 24-hour trading volume at approximately $5.8 billion. XRP’s total market capitalization currently stands at $139.7 billion.

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Chart patterns highlight XRP’s struggle to maintain upward momentum, as increased selling pressure continues to weigh on the asset. This uncertainty has made investors more cautious, indicating that a robust recovery catalyst is essential for the market to regain confidence.

Turkish NY Radio will keep a close eye on XRP’s price movements and provide timely updates as the market evolves.

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András Crow-Hreidar

András Crow-Hreidar

Editor-in-chief, Content Editor Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.

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