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XRP Price Analysis for January 21

Sat, 01/21/2023 - 20:00
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Denys Serhiichuk
Can rise of XRP continue next week?
XRP Price Analysis for January 21
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Buyers remain more powerful than sellers even on the weekend, according to CoinMarketCap's ranking.

Top 10 coins by CoinMarketCap


XRP is one of the least-growing coins, rising by 4.50%.

XRP/USD chart by TradingView

On the hourly chart, the price has returned to sideways trading after the false breakout of the support level at $0.4060.

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Currently, traders are unlikely to see sharp moves until the end of the day, which is confirmed by the low volume. In this case, trading in the range of $0.41-$0.412 is the more likely scenario.

XRP/USD chart by TradingView

On the daily chart, the price has made a false breakout of the interim support level at $0.4064. If buyers hold the price above that mark, there is a chance to see an accumulation period in the range of $0.406-$0.41 so the altcoin could get more energy for a further move.

XRP/USD chart by TradingView

On the weekly time frame, one should pay attention to the level at $0.4086. If the bar closes above it with no long wicks, the growth may continue to the zone of $0.42-$0.43 until mid-February.

XRP is trading at $0.40871 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at