Main navigation

XRP Price Analysis for January 28

Sat, 01/28/2023 - 19:00
article image
Denys Serhiichuk
Can XRP show sharp rise like other coins?
XRP Price Analysis for January 28
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Even though most of the coins are not rocketing at the beginning of the weekend, the majority of them are trading in the green zone.

Top 10 coins by CoinMarketCap


The rate of XRP has almost not changed over the past week, falling by 0.25%.

XRP/USD chart by TradingView

On the hourly chart, the price of XRP has broken the support at $0.4086. At the moment, the daily closure plays an important role. If it happens below, traders may expect a decline to $0.40.

XRP/USD chart by TradingView

On the daily time frame, the rate is located in the middle of the channel, which means that neither side has seized the initiative yet. Respectively, sideways trading in the area of $0.41-$0.42 might continue next week.

XRP/USD chart by TradingView

On the weekly chart, the price has tested the mirror level at $0.4425, which serves as resistance. Despite the bounce back, XRP remains bullish while the rate is above the key level of $0.40.

SHIB Price Analysis for January 26

However, if a breakout occurs, the drop may lead to a decline to the $0.38 mark.

XRP is trading at $0.4080 at press time.

article image
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