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Guide & Analysis

XRP price analysis for January 16

Has XRP accumulated enough strength to reach the $ 0.30 mark?

The weekend started with the continued growth of the cryptocurrency market. Almost all of the top 10 currencies are in the green zone.

XRP price analysis for January 16 22

Bitcoin’s dominance rate (BTC) is slightly reduced and now stands at 67.3%.

XRP price analysis for January 16 23

The relevant data of the XRP are:

Ticker: XRP

Market capitalization: US $ 13,188,469,113

Price: $ 0.2908

Volume (24h): $ 4,843,241,963

Change (24h): 0.18%

The data is relevant at the moment.

XRP above $ 0.30 by the end of the day?

XRP continues to lose position in the global cryptocurrency ranking. At the moment, altcoin is in fifth place right after Polkadot (DOT).

XRP price analysis for January 16 24

However, the hourly chart is bullish for the XRP, with bulls holding the $ 0.27 mark and pushing the currency’s price up. If liquidity remains at the same level, there are chances to see the XRP at around $ 0.30 next week.

XRP price analysis for January 16 25

For the longest period of time, XRP is in the accumulation zone before a potential upward move to resistance at $ 0.37. The MACD indicator lines are about to change to green, which will confirm the price action.

In short, XRP can reach that level at the end of the current month.

XRP price analysis for January 16 26

From a long-term point of view, XRP is located in the side commercial zone, gathering energy for a price explosion. Sales negotiation volume is low, which means that a growth scenario is more relevant than a decline. If that happens, the $ 0.40 level can be reached in a few weeks.

XRP is trading at $ 0.2882 so far.

Source: U.Today

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