As of January 31, 2025, XRP is trading at approximately $3.07, experiencing a slight decline of about 0.97% in the last 24 hours. The intraday high reached $3.15, with a low of $3.06.
In mid-January, XRP retraced to a support zone between $2.52 and $2.68. The market's respect for this range suggests potential for a rebound, provided the price remains above this support.
To confirm the completion of the corrective phase (wave two), XRP needs to maintain its recent low around $2.65. Holding this level could pave the way for a rally towards the $4.20–$5 range.
Key resistance levels to monitor are $3.21 and $3.40. Surpassing these would indicate a resumption of the upward trend. Failure to do so may result in a retest of the $2.76 to $2.97 support zone. A decline below $2.76 could lead to a deeper correction, potentially revisiting the $2.52 level.
Investors should closely watch these critical levels to assess XRP's potential price movements in the near term.
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