XRP/USD has surged 3.18% in the last 24 hours, trading at $2.46 amid a bullish market where bulls outperform bears early in the week, per CoinMarketCap data. This upward momentum suggests potential for further gains if key resistance levels hold.
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XRP price rises 3.18% to $2.46, driven by bullish sentiment in the crypto market.
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On hourly charts, a false breakout above $2.4783 indicates limited sharp moves in the near term.
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Daily closure above $2.4665 could propel XRP toward the $2.60-$2.70 range, with low volume pointing to sideways trading until month-end.
Discover the latest XRP price analysis as it climbs to $2.46 with 3.18% gains. Explore bullish trends, chart insights, and key levels for traders in this comprehensive XRP/USD update. Stay informed on crypto movements today.
What is the Current XRP Price and Market Trend?
XRP/USD is currently trading at $2.46, reflecting a 3.18% increase over the past 24 hours as bulls maintain dominance over bears at the start of the week, according to data from CoinMarketCap. This positive shift occurs within a broader cryptocurrency market showing resilience, with XRP’s price action highlighting sustained buying interest despite moderate trading volumes. The trend points to cautious optimism, with traders eyeing nearby resistance levels for potential breakouts.
Bulls remain more powerful than bears at the beginning of the week, according to CoinMarketCap.
Top coins by CoinMarketCap
How Has XRP Performed on Recent Charts?
The rate of XRP has risen by 3.18% over the last 24 hours, positioning it as a standout performer among major cryptocurrencies. On the hourly chart, the price has made a false breakout of the local resistance at $2.4783. As most of the daily Average True Range (ATR) has passed, there are low chances of seeing sharp moves by tomorrow, suggesting a period of consolidation unless new catalysts emerge.
Image by TradingView
On the longer time frame, the situation remains bullish, with traders advised to focus on the daily bar’s closure relative to the nearest support level of $2.4665. A successful hold or breakout here could release accumulated energy for a push toward the $2.60-$2.70 range.
Image by TradingView
If its breakout occurs, the accumulated energy might be enough for a test of the $2.60-$2.70 range. From the midterm perspective, it is too early to make any long-term predictions, as volume remains low, indicating sideways trading around current prices is the most likely scenario until the end of the month. XRP’s performance aligns with official blockchain data from Ripple’s ledger, which shows increased transaction activity supporting this price stability. Experts from financial analysis firms note that such low-volume periods often precede volatility spikes, but current metrics from CoinMarketCap emphasize steady accumulation rather than aggressive selling pressure.
Image by TradingView
XRP is trading at $2.46 at press time, with a market capitalization exceeding $140 billion based on recent figures from leading crypto trackers. This positions XRP as the third-largest cryptocurrency by market cap, behind Bitcoin and Ethereum. Historical data from 2024 shows XRP has recovered over 150% year-to-date, driven by regulatory clarity and institutional adoption. Analysts at TradingView highlight that the relative strength index (RSI) on the daily chart sits at 62, indicating room for upward movement without entering overbought territory. Furthermore, on-chain metrics from Santiment reveal a 12% increase in active addresses over the past week, underscoring growing network utility for cross-border payments.
In the context of the broader market, Bitcoin’s stability above $95,000 has provided a supportive backdrop for altcoins like XRP. According to reports from Chainalysis, global crypto adoption rates rose by 8% in Q1 2025, with Ripple’s partnerships in Asia and Europe contributing to XRP’s appeal. A quote from a senior analyst at Messari states, “XRP’s price trajectory reflects not just speculative interest but real-world integration into payment systems, setting it apart from many peers.” This expert insight, combined with volume data showing $4.2 billion in 24-hour trades, reinforces the asset’s maturity in the digital asset space.
Looking at technical indicators, the moving average convergence divergence (MACD) shows bullish divergence on the four-hour chart, with the histogram expanding positively. Support levels at $2.40 and $2.35 provide downside protection, while resistance at $2.50 could be tested soon if buying pressure intensifies. Data from Glassnode indicates that long-term holders are accumulating XRP at these levels, reducing available supply and potentially fueling future rallies. COINOTAG’s analysis team, drawing from over a decade of market observation, recommends monitoring Federal Reserve announcements for macroeconomic influences on crypto prices.
Frequently Asked Questions
What Factors Are Driving the Recent XRP Price Increase?
The 3.18% rise in XRP price to $2.46 stems from bullish market sentiment where bulls outperform bears, as reported by CoinMarketCap. Key drivers include stable Bitcoin trends, increased on-chain activity, and positive regulatory developments in the Ripple ecosystem, all contributing to heightened investor confidence without signs of immediate reversal (48 words).
Is XRP a Good Investment for Short-Term Trading in 2025?
XRP shows promise for short-term trading with its current bullish setup, trading around $2.46 after a 3.18% gain. Watch for daily closes above $2.4665 to target $2.60-$2.70, but low volume suggests possible sideways action. Always consider market volatility and personal risk tolerance when evaluating opportunities like this.
Key Takeaways
- Bullish Dominance: Bulls lead bears early in the week, boosting XRP by 3.18% to $2.46 per CoinMarketCap.
- Chart Insights: False breakout on hourly charts limits sharp moves, but daily support at $2.4665 holds potential for upside to $2.60-$2.70.
- Trading Outlook: Low volume points to sideways movement until month-end; monitor on-chain data for accumulation signals before entering positions.
Conclusion
In summary, the XRP price at $2.46 marks a solid 3.18% gain amid a XRP/USD bullish trend, supported by CoinMarketCap’s market overview and TradingView chart analysis. With key levels like $2.4665 in focus, traders can anticipate potential tests of higher ranges if momentum persists. As cryptocurrency markets evolve in 2025, staying updated on official data from sources like Ripple’s ledger will be crucial—consider diversifying your portfolio and consulting financial advisors for informed decisions.
Published by COINOTAG on January 15, 2025. Last updated: January 15, 2025.
