In the middle of the recent drop in prices, XRP, the native token of Ripple Labs, formed a Haussier price action model and is ready for a two -digit price rally. Today, on January 31, 2025, the global cryptocurrency market seems to be recovering, including Bitcoin (BTC) and Ethereum (ETH), but Xrp seems to have trouble.
XRP feeling of the current market
Despite the positive feeling of the market, XRP is currently negotiating nearly $ 3.13 and has experienced a modest price overvoltage of more than 0.80% in the last 24 hours. During the same period, investors and traders showed a drop in interest, resulting in a 35% drop in the volume of trade.
This modest prices overvoltage has exceeded XLM XLM in terms of earnings, because it has climbed more than 13% in the last 24 hours. It seems that XRP traders and investors are now paying attention to XLM, in the midst of potential Spot ETF talks.
XRP technical analysis and future levels
According to an expert technical analysis, XRP has formed a scheme of flag and pole and pole action on the daily time and seems to have trouble bursting.
Based on the recent price action, if XRP successfully violated this model and closed a daily candle above $ 3.21, there is a strong possibility that it can rise by 40% to reach the level $ 4.50 in the future.
With the relative force index of XRP (RSI) almost 59 years, he indicates that the asset has enough space to skyrocket and undergo impressive price gains.
Mixed feeling of XRP
By looking at the action of bull prices, investors seem to accumulate the token, as revealed by the chain analysis company Rinsing. The data from Spot Flow / OUT flowing show that exchanges have experienced a flow of more than $ 12 million XRP in the last 24 hours, which indicates potential accumulation and could cause purchase pressure and a another rally upwards.
Merchants bet on XRP
Despite the upward prospects of investors and whales, the intraday traders found bets on the bearish side. The Liquidation Card of XRP exchanges revealed that $ 3.063 is a level where the bulls are overexploited, holding $ 24.50 million in long positions. Meanwhile, $ 3.183 is the level where the uncovered sellers hold $ 50.09 million in exposed positions.
These data reveal that the open sellers are currently dominating in the short term, because they almost have double the positions of long -term holders.