XRP Price Analysis for January 24
Analysis
Price Impact
LowThe analysis suggests a market bounce, but also anticipates sideways trading in the short term ($1.90-$1.95) due to low trading volume. a significant price impact is only projected if key midterm support levels are breached.
Trustworthiness
MedThe analysis comes from a recognized crypto news outlet (u.today) and uses technical indicators. however, it includes explicit disclaimers regarding financial advice and expresses cautious, range-bound expectations in the short term.
Price Direction
NeutralShort-term, the price is expected to trade sideways in the range of $1.90-$1.95 until the end of the week due to low volume. a false breakout of local support at $1.9161 was noted, but sustained movement is lacking. midterm, a breakout below $1.8209 could lead to a decline to $1.60.
Time Effect
ShortThe primary short-term outlook covers the next day ('by tomorrow') and 'until the end of the week'. a midterm perspective is briefly mentioned for the weekly bar closure.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The weekend has started with a market bounce as most of the coins have returned to the green zone, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap XRP/USD The rate of XRP has risen by 1.22% over the last 24 hours. Image by TradingView On the hourly chart, the price of XRP has made a false breakout of the local support at $1.9161. If the daily bar closes far from that mark, one may see a test of resistance by tomorrow. Image by TradingView On the bigger time frame, the situation has not changed much. The volume remains low, which means neither side has enough energy for a further move. You Might Also Like Fri, 01/23/2026 - 16:12 Cardano (ADA) Price Analysis for January 23 By Denys Serhiichuk All in all, sideways trading in the range of $1.90-$1.95 is the more likely scenario until the end of the week. Image by TradingView From the midterm point of view, traders should focus on the weekly bar closure in terms of the nearest support level at $1.8209. If a breakout happens, the accumulated energy might be enough for a more profound decline to the $1.60 area. XRP is trading at $1.9201 at press time. #XRP Price Analysis