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Ripple’s XRP is currently down by more than two percent and is trading at $3.05 levels. The price is attempting to break above its all-time high territory and while there was an attempt to do so a few days ago, it was not a sustained breakout.
However, XRP is gaining attention, with upcoming developments like its ETF and potential IPO. The project is also expanding into memes and AI, and has formed partnerships with Cardano and Hedera. XRP is expected to continue to perform well and is expected to keep growing, making it an attractive option for investors.
It is important to monitor the key $3 level for XRP. If the price dips below this level, it could indicate a shift in market sentiment. Micro structures are fragile and can change quickly, but the last support zone between $2.52 and $2.94 has shown strong reactions. After the triangle pattern completed, the price tested this support area, and the bullish outlook remains intact as long as XRP stays above $2.52.
Long-Term Price Targets
The outlook remains bullish, with key long-term targets on the chart at $4.19 and $5. These levels are achievable, and further price growth is possible. However, the exact movement will depend on the development of micro structures, which are to be monitored regularly on smaller time frames.
Two Potential Scenarios
Two primary scenarios are in play for XRP. The first is that the price is already in the fifth wave, the final leg of the current cycle, in line with Bitcoin’s movement. This fifth wave could extend, with targets between $6.61 and $9.81. These targets, though ambitious, are still within reason if the market continues upward.