XRP Price Analysis for January 5

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Source: CryptoNewsNet Original Title: XRP Price Analysis for January 5 Original Link: Most coins are trading in the green zone according to market data.

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XRP/USD

XRP has risen by 2.74% over the last 24 hours.

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On the hourly chart, the price of XRP has bounced off the local support at $2.1122. If the candle closes near the resistance of $2.1665 or above, the growth may continue to the $2.20 area tomorrow.

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On the bigger time frame, there are no reversal signals so far. Traders should pay attention to the bar closure in terms of its peak. If it happens around the current prices, there is a chance to see an ongoing upward move to the $2.20-$2.30 range by the end of the week.

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From a midterm perspective, the situation is similar. XRP is going up after the previous bullish bar closure. However, buyers might need more time to accumulate energy for a further move. In this regard, sideways trading in the zone of $2.10-$2.30 is the more likely scenario.

XRP is currently trading at $2.1490.

XRP-0,71%
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