Good morning, traders! This is your XRP/USD market update for January 22, 2025.
The current price of XRP stands at $3.1767, and we are observing some exciting movements in the market. Let’s dive into today’s analysis and forecast.
First, let’s look at the overall market structure. XRP remains in a strong uptrend, transitioning from a markup phase with a potential entry into a distribution phase near the $3.35 resistance zone.
On the higher timeframes, whale activity and institutional buying have been dominant around the $3.00–$3.10 range, solidifying it as a strong support level.
Our orderflow analysis reveals key liquidity levels:
Aggregated heatmaps indicate a liquidity void below $3.00, meaning a break here could drive prices toward $2.80. However, the buy-side interest at $3.00 appears robust.
Whales are making significant moves! Large accumulations have been identified between $3.00 and $3.10. Additionally, on-chain data shows increased wallet withdrawals, indicating reduced selling pressure.
This aligns with a bullish outlook, as long-term holders seem to be reinforcing their positions.
Liquidation zones provide critical insight:
Looking ahead, XRP is expected to test the $3.35 resistance zone in the near term, potentially followed by a pullback to $3.00 support if selling pressure dominates.Our system predicts continued markup phase behavior, with strong buy-side interest supporting higher prices. Watch for whale activity and liquidations around these levels to confirm the next move.
That’s all for today’s XRP/USD market update. Remember to stay updated on key levels and market phases. For more insights, visit algo-fund.com. Trade safe, and I’ll see you in the next update!