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XRP Surges with Potential for Major Price Breakthrough

XRP Surges with Potential for Major Price Breakthrough

CointurkCointurk2026/01/05 09:42
By:Cointurk

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’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.

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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.

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