• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

XRP Consolidates Near Key Levels: The Implications Of A Breakout

SB Crypto Guru News by SB Crypto Guru News
January 23, 2025
in Analysis
0 0
0
XRP Consolidates Near Key Levels: The Implications Of A Breakout


XRP is currently navigating a pivotal phase, trading within a well-defined consolidation range of $2.9 to $3.4. This narrow band reflects a balanced struggle between bullish optimism and bearish caution as neither side has yet mustered the strength to trigger a decisive price movement. 

Historically, such periods of consolidation are often precursors to significant market shifts, making this a critical moment for XRP enthusiasts and traders alike. A breakout above the upper boundary at $3.4 will probably act as a bullish catalyst, indicating renewed momentum and attracting fresh buying interest. 

Such a move may pave the way for XRP to target higher levels, fueling market confidence. However, a breakdown below the $2.9 support could spell trouble, inviting stronger selling pressure. With technical indicators and trading volumes offering mixed signals, all eyes are now on XRP’s price action to see whether it will deliver a breakout or succumb to a bearish reversal.

A Tug-Of-War Between XRP Bulls And Bears

A consolidation phase has emerged within the $2.9 to $3.4 range, showcasing a battle between bullish and bearish forces. The $2.9 level has proven to be a robust support, preventing further declines, while the $3.4 resistance acts as a key barrier to upward momentum. This tug-of-war highlights the indecision in the market, with traders closely watching for a breakout or breakdown to gauge the next significant price direction.

However, technical indicators are offering valuable insights into XRP’s consolidation phase such as the Relative Strength Index (RSI) suggesting a potential bearish breakout below the critical $2.9 support level. The RSI, currently dropping below the 50% threshold, reflects a weakening buying momentum.

XRP

If the RSI continues to dip toward oversold territory, it might indicate that bears might be gaining the upper hand, increasing the likelihood of a price drop below $2.9. A breakdown at this support level may trigger negative momentum, pushing the altcoin into a deeper retracement phase. 

While consolidation phases often precede significant market moves, the RSI’s negative alignment warns traders to remain cautious as a failure to hold $2.9 could attract more sellers. Monitoring RSI movements alongside other technical indicators will be crucial in anticipating XRP’s next move amidst this uncertain phase.

The Importance Of Defending The $2.9 Support Level

Recent price action shows that the $2.9 support level is a critical threshold for XRP as bearish pressure looms. A decisive break below this level would result in increased selling pressure, driving the price down toward $1.9. This makes defending $2.9 a priority for the bulls since maintaining this level could provide the stability needed for a rebound.

Failure to hold $2.9 might also shake trader confidence, reinforcing pessimistic sentiment and extending XRP’s consolidation phase. It is advisable to monitor price action and volume near this key level as it might determine whether XRP remains resilient or submits to more downside risks.

XRP



Source link

Tags: Bitcoin NewsBreakoutconsolidatesCrypto NewsCrypto UpdatesImplicationsKeyLatest News on CryptoLevelsSB Crypto Guru NewsXRP
Previous Post

Bombastic Casino Expands Horizons: Unveils State-of-the-Art Crypto Sportsbook

Next Post

Report: Ledger co-founder David Balland released after kidnapping

Next Post
Report: Ledger co-founder David Balland released after kidnapping

Report: Ledger co-founder David Balland released after kidnapping

  • Trending
  • Comments
  • Latest
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
5 Proven XR and AI Training Use Cases for Enterprises

5 Proven XR and AI Training Use Cases for Enterprises

June 2, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
Why Bitcoin Summer 2025 Will Catch Everyone Off Guard: Analyst

Why Bitcoin Summer 2025 Will Catch Everyone Off Guard: Analyst

0
Solana (SOL) at Crossroads — Bounce Likely If 2 Remains Intact

Solana (SOL) at Crossroads — Bounce Likely If $142 Remains Intact

0
XRP Ledger payment transactions surges 430% in two years

XRP Ledger payment transactions surges 430% in two years

0
InComm Partners with NCR Atleos on Cardless Cash ATMs

InComm Partners with NCR Atleos on Cardless Cash ATMs

0
Big Beautiful Bill Passed Without Crypto Tax Exemption but Hope’s Not Lost

Big Beautiful Bill Passed Without Crypto Tax Exemption but Hope’s Not Lost

0
Hobbs Rejects New Attempt to Use Seized Crypto in Arizona

Hobbs Rejects New Attempt to Use Seized Crypto in Arizona

0
XRP Ledger payment transactions surges 430% in two years

XRP Ledger payment transactions surges 430% in two years

July 2, 2025
Why Bitcoin Summer 2025 Will Catch Everyone Off Guard: Analyst

Why Bitcoin Summer 2025 Will Catch Everyone Off Guard: Analyst

July 2, 2025
Big Beautiful Bill Passed Without Crypto Tax Exemption but Hope’s Not Lost

Big Beautiful Bill Passed Without Crypto Tax Exemption but Hope’s Not Lost

July 2, 2025
Hobbs Rejects New Attempt to Use Seized Crypto in Arizona

Hobbs Rejects New Attempt to Use Seized Crypto in Arizona

July 2, 2025
Crossmint and Visa Join Forces to Power AI-Driven Commerce

Crossmint and Visa Join Forces to Power AI-Driven Commerce

July 2, 2025
Solana (SOL) at Crossroads — Bounce Likely If 2 Remains Intact

Solana (SOL) at Crossroads — Bounce Likely If $142 Remains Intact

July 2, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.