Crypto: XRP Skyrocketed By 50% In January And Is Now Targeting $4
XRP is in the spotlight, and not without reason. In January, Ripple’s crypto put on a true fireworks display, soaring by 50%, eclipsing Bitcoin and Ethereum. This spectacular jump is explained by favorable regulatory developments and increasing adoption by financial institutions. But this may just be the beginning: some analysts already see XRP crossing the $4 mark soon.
XRP: a meteoric rise
While Bitcoin stagnated and Ethereum regressed, XRP, with its dead cat bounce, charted its own course with a surge of 50% in January. Behind this performance is a favorable regulatory wind: Ripple Labs received approval from New York authorities for its stablecoin RLUSD and secured money transmission licenses in Texas and New York.
These advancements have boosted investor confidence and attracted new institutional players.
One of the major triggers of this dynamic is the rise of XRP in payment systems. According to Santiment, the integration of XRP by major institutions, notably through Ripple’s partnership with Ondo Finance, has strengthened its legitimacy in financial markets.
This integration allows investors to access tokenized debt securities directly via the XRP Ledger blockchain. An adoption that could further accelerate in the coming months.
It is also worth noting: technical indicators point to an imminent explosion. According to Dark Defender, a crypto analyst, XRP is awaiting confirmation on the 4-hour and 1-day scales for a breakout towards $4. The key support lies at $3.07, while the Bollinger Bands, which measure volatility, are tightening dangerously, a precursor to an imminent massive movement.
Key points to remember:
- XRP jumped by 50% in January, far exceeding BTC (+13%) and ETH (-4%);
- Growing adoption by financial institutions thanks to Ripple;
- Green light from regulators in New York and Texas;
- Technical indicators favorable for continued rise.
The crypto market on alert: XRP ready to break ceilings
Investor attention is now turning to the next big step: a sustained breach of $4. According to Dark Defender, XRP is in the fifth sub-wave of its bullish cycle, which could lead to a decisive breakthrough before the end of February.
But caution: a liquidity zone between $2.90 and $2.98 could serve as a reversal point in case of a correction.
For his part, Armando Pantoja highlights a formidable technical indicator:
“The Bollinger Bands on XRP are tightening significantly, indicating an explosive movement is coming.”
If the XRP price manages to break above the upper bound of this indicator, a brutal surge could follow.
However, the crypto market remains unpredictable. Major players could seek to liquidate positions by forcing a temporary return below $3. A classic trap to trap overly greedy traders.
In summary, XRP is at a turning point: it will either shatter resistances and settle sustainably above $4, or it will need to consolidate before another leap.
XRP boasts impressive statistics and continues to attract investor attention. After a 550% rally since November, such performance could well repeat. An imminent rise or just a pause before the big leap? The answer will come in the coming weeks.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.