Recently, some analysts have started focusing on technical analysis, suggesting that XRP might surge to $0.48 during the period from January 12-20. The key point is that the support level at $0.42 has already been broken, and trading volume has significantly increased. These signs are indeed quite interesting.
From a technical indicator perspective, although the RSI has entered the overbought zone, there are no signs of a reversal yet, and the 200-day moving average continues to serve as a strong support. More notably, the influx of institutional funds has increased by 37% month-over-month, indicating that large investors are paying attention to XRP. Some traders also pointed out a head and shoulders bottom reversal pattern, which, if the critical resistance level is broken, could trigger a rally to catch up.
What’s intriguing is that this analysis mainly focuses on technical aspects rather than regulatory news, yet the actual progress of the Ripple ecosystem is not very fast. The analyst’s call for $0.48—what are they betting on? Are they betting on Bitcoin dragging the entire market up, or is there another consideration?
But the risks must be clearly stated: no matter how beautiful the technical analysis looks, it cannot change the future. Once the support at $0.42 is broken, the situation could reverse immediately. The US SEC’s lawsuit against XRP still hangs over it, and policy black swans could strike at any time. Plus, with the overall crypto market sentiment currently subdued, a sudden surge in a single coin requires caution to prevent the risk of a pump-and-dump.
What do you think about this rally? Can XRP break the psychological barrier of $0.5?