Ripple’s XRP coin recently tested a critical support region around $2.12 in early January. With its subsequent climb, it has emerged as the third-largest non-stable cryptocurrency by market capitalization. The price movement in this altcoin, together with increased trading volume, has reignited discussions about a broader move in the market, suggesting that the direction-seeking of XRP might not merely be a short-term fluctuation.
XRP Surges with Potential for Major Price Breakthrough
XRP’s Technical Outlook
According to the closely-watched crypto analyst EGRAG CRYPTO, XRP still navigates a clearly defined bearish channel in the five-day chart. The analyst describes the current price trend not as a distribution phase but rather as a “controlled correction.” He highlights that if the price closes above the 21-day exponential moving average and surpasses the channel’s upper boundary at $2.30, there’s a 60% chance of an upward breakout.
Further, the analyst underscores the target region for XRP to be in the range of $3.10–$3.30, provided the described technical conditions are met. EGRAG CRYPTO points out that price action will remain limited within the channel unless these levels are surpassed. He estimates only a 30% probability of price stagnation within the horizontal band and merely a 10% chance of a sharp pullback down to the $1 level.
What Do Volume, ETFs, and On-chain Data Indicate?
Another element indicating increased market interest is trading volume. XRP commentator John Squire reports that the altcoin reached a trading volume of approximately $23 million within merely a one-minute global timeframe, suggesting the movement isn’t confined to small-scale individual transactions.
Strong inflows into spot XRP ETFs, launched in mid-November 2025, further back Ripple’s coin prospects. According to observers, these investment products attracted around $1.2 billion shortly, absorbing about 1% of the circulating supply within just a bit over a month. Simultaneously, blockchain on-chain indicators based on Binance data reveal that XRP Taker Buy/Sell Ratio peaked for the month, showing a decline in aggressive selling pressure.
As of this report, XRP trades above $2.10, experiencing a weekly increase of 12%. The altcoin overtook BNB by market capitalization on January 3. Analysts note that short-term resistance in the $2.17–$2.25 range might slow progress. However, the outlook for 2026 ranges broadly from optimistic scenarios—anticipating a rise to $10 driven by Ripple’s corporate expansion and adoption velocity—to more cautious scenarios dominated by profit-taking.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bessent: Supreme Court reversal of tariffs is improbable, as they are a key element of Trump’s economic agenda
US Strategic Bitcoin Reserve Stalls Amid Interagency Legal Complications
Large bitcoin investors have accumulated more coins than at any time since the FTX crash in 2022
Trump throws UK automakers into turmoil once again
