Amid the recent low prices, XRP, the original symbol of Ripple Labs laboratories, formed a price climb pattern and is preparing for a high number of price. Today, January 31, 2025, the comprehensive cryptocurrency market appears to be recovered, including Bitcoin (BTC) and ETHEREUM (ETH), but it seems that XRP is struggling.
XRP current market morale
Despite the positive market morale, XRP is currently trading near $ 3.13 and has witnessed a modest increase in prices exceeding 0.80 % over the past 24 hours. During the same period, investors and traders showed a lower benefit, which led to a 35 % decrease in trading volume.
This modest increase in prices has exceeded XLM XRP in terms of gains, as more than 13 % increased in the past 24 hours. XRP and investors seem to turn their attention now to XLM, amid possible ETF conversations.
Xrp technical analysis and upcoming levels
According to expert technical analysis, XRP has made an upward pattern of science and pole price on the daily time frame and it appears to be struggling to go out.
Based on the last procedure of the price, if XRP succeeds in violating this style and closing a daily candle than a level of $ 3.21, there is a strong possibility that can rise by 40 % to reach a level of $ 4.50 in the future.
With the XRP (RSI) relative index near 59, it indicates that the original has a sufficient space for high price gains.
Mixed xrp
Given the bullish procedure for prices, it seems that investors accumulate the distinctive symbol, as the analysis company revealed the series Coinglass. The data from the immediate flow/external flow shows that exchanges have witnessed an external flow of more than $ 12 million of XRP within the past 24 hours, indicating a possible accumulation and can cause purchase pressure and further bullish direction.
Traders bet on XRP
Despite the upcoming expectations of investors and whales, merchants inside the day were found to bet on the downward side. The XRP exchange map has revealed that $ 3.063 is a level where optics are excessive, and it occupies long stipulations of $ 24.50 million. Meanwhile, $ 3.183 is the level where sellers are holding $ 50.09 million in short positions.
This data reveals that short sellers currently dominate in the short term, as they almost keep the long -term sites.
