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XRP Targets $10 Amid Consolidation, Key Resistance Levels in Focus
January 28, 2025 15:00 2 min. readWe may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
XRP‘s recent bullish momentum has stalled, with the token now entering a consolidation phase.
Despite showing signs of potential growth, it has yet to gain the fundamental push needed for a sustained rally. Analysts, however, believe that breaking key resistance levels could pave the way for significant price milestones, with targets as high as $10 being discussed.
After dipping to $2.74 during a market slump, XRP rebounded to $3.10, driven by a 6% surge and increased investor interest. Analysts suggest that breaking through the $4.6-$5 resistance zone could set the stage for further growth.
This range is seen as both a critical hurdle and a potential profit-taking area for traders. With favorable market conditions, some experts believe XRP could reach $8 and possibly $10 over time.
While bullish scenarios are possible, XRP faces potential pullbacks. Analysts highlight $3.37 as a critical level, where liquidations of $340 million in short positions across major exchanges could temporarily disrupt upward momentum. However, such events might also generate buying pressure, offering a springboard for further growth.
XRP’s journey toward higher price targets depends on breaking resistance zones and maintaining market confidence. For now, $4.6 remains the next major milestone, while $3.37 serves as a key level to monitor in the short term.
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