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XRP Bulls Eye $3.40 Breakout as Resistance Looms

Coin WorldTuesday, Jan 28, 2025 9:30 pm ET

1min read

XRP's recent price decline has sparked speculation about a potential accumulation phase ahead of a possible resistance breakthrough. Analysts are closely monitoring the cryptocurrency's performance as it approaches critical resistance levels, which could trigger a significant rally if surpassed.

The XRP bullish outlook is contingent upon overcoming substantial resistance levels and maintaining momentum above crucial support. Currently trading at $3.17, XRP has the potential for long-term upward movement. Analysts have identified $3.40 as a critical breakout point, with achievable goals at $4.20, $5, and $6.60 if surpassed. Meanwhile, supports at $2.52 and $2.32 are vital for continued upward movement. Despite recent price adjustments, the XRP bullish outlook suggests that surpassing $3.40 could trigger a rally, echoing broader market expectations for additional increases.

In contrast, Ethereum's price faces near-term challenges, with bearish indicators predicting continued downward momentum. The Relative Strength Index (RSI) stands at 41.6, showing diminishing strength yet above the oversold territory. The Directional Movement Index (DMI) indicates growing selling activity, with the -DI surpassing +DI, although a low Average Directional Index (ADX) of 14.1 signals a weak trend. Critical support lies at $3,158, with a potential decline to $2,927 if broken. While near-term stabilization is probable, Ethereum price needs to break through the $3,334 resistance to hint at a trend shift.

While XRP and Ethereum grapple with resistance and support levels, another cryptocurrency, BlockDAG, has been capturing significant attention. Its active partnership with Inter Milan showcases blockchain capabilities worldwide, engaging countless football enthusiasts with its innovative technology. Currently identified as the best crypto to buy, BlockDAG boasts over 170,000 holders, with its presale approaching the $600 million goal, and a price increase of 2380% since launch.

BlockDAG's collaboration with Inter Milan connects the blockchain to a global audience through the allure of a top football club. Utilizing Inter Milan's broad international following, BlockDAG showcases its advanced blockchain technology, which is based on the DAG structure for quick, safe, and clear transactions.

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