XRP Price Prediction: Will Ripple Recover After January 13 Price Drop?

Ripple[XRP], seems to be recovering after experiencing a significant price decline on the 13th of January 2025, and is poised for a massive rally.

Cryptocurrency XRP seems to be recovering from a significant price decline on the 13th of January 2025, and might be gearing up for a massive rally.

Several factors appear to be contributing to this bullish outlook, including an upcoming political event, a recent bullish breakout, and the market’s recovery after a recent dip.

Crypto whale buys $76 million of XRP

This bullish outlook is attracting investors and traders, leading to a significant accumulation of tokens.

On the 14th of January 2024, as the market began to shift, Whale Alert reported a crypto whale moving 30 million XRP tokens from the Upbit exchange. This transaction, valued at $76.15 million, was made from a crypto whale wallet to an unknown wallet address.

Bullish on-chain metrics

In the cryptocurrency world, it is generally considered a bullish sign when whales begin moving assets from exchanges to wallets, especially in large sums.

Also, as reported by on-chain analytics firm CoinGlass, traders appeared to be showing increased interest and confidence in the asset.

At press time, the XRP Long/Short Ratio was 1.10, indicating strong bullish sentiment among traders. Of the top traders, 52.50% held long positions in XRP, while 47.50% held short positions.

XRP price action with technical analysis

The XRP daily chart reveals that this accumulation and increase in long bets on the asset occurred near a key resistance level.

However, in the past, the XRP price has reached this level multiple times, only to experience a price reversal due to market uncertainty and fluctuations.

This time, sentiment appears different, driven by the upcoming inauguration of President-elect Donald Trump, scheduled for the 20th of January 2025.

XRP price prediction by AMBCrypto

According to AMBCrypto’s technical analysis, XRP appears bullish and has retested the breakout level of the bullish flag and pole price action pattern. It broke out of this pattern on the 11th of January 2025. Currently, XRP is facing horizontal resistance at the $2.60 level.

Based on recent price action, if XRP breaches this resistance and closes a daily candle above $2.62, it could soar to reach the $4.50 level in the future.

On the positive side, XRP’s Relative Strength Index (RSI) is currently below the overbought zone. This indicates that the asset has enough room to rally to the predicted level.

– Realistic or not, here’s XRP market cap in BTC’s terms

At the time of writing, XRP was trading near $2.60 and has experienced a price surge of over 7.15% in the past 24 hours. During the same period, its trading volume jumped by 50%. This indicates heightened participation from traders and investors compared to the previous day.