Xrp Price Prediction for January 15 : What to Expect in the Next 24 Hours

XRP is drawing headlines for January 15th with the third-largest cryptocurrency surging by an impressive 12.69% in the past 24 hours, hitting a new multi-year high of $2.87. As the token edges closer to its long-awaited $3 price target, analysts are closely monitoring the next 24 hours for potential moves. This latest rally brings XRP within 26.39% of its all-time high of $3.84, a milestone last achieved seven years ago.

With increasing optimism, XRP bulls are eyeing further gains, potentially challenging Ether (ETH) for its position as the second-largest digital asset. Investors and analysts predict pivotal price action in the next day, with critical levels to watch and indicators signaling continued momentum.

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This recent price surge coincides with a crucial development in the ongoing XRP lawsuit filed by the Securities and Exchange Commission (SEC) back in 2020. Defense attorney James K. Filan recently revealed that both parties have agreed to submit a deferred appendix for the cross-appeals 21 days after the SEC files its opening brief.

The SEC now faces a deadline to file its opening brief tomorrow, January 16th. The XRP community is optimistic, anticipating a bullish day for the altcoin.

XRP Price Analysis: What the Charts Say

As of this writing, CoinMarketCap data shows XRP trading at $2.86. This marks a 25.34% gain over the past week and an 18.91% increase over the past month, significantly outperforming most major cryptocurrencies.

The XRP community has high hopes for the token to cross the $3 threshold in the next 24 hours. TradingView data shows increasing token accumulation, indicating growing confidence among investors.

The Relative Strength Index (RSI) for XRP currently stands at 69.06, a clear indication that bulls are firmly in control. The RSI line’s upward trajectory suggests that XRP is on the verge of entering overbought territory. Reaching $3 is now a tangible goal for this resurgent altcoin.

XRP Price Prediction for January 15th

XRP’s current momentum and technicals suggest we could see gains in the next 24 hours. Keep a close eye on the $3 resistance level. A break above that with strong trading volume would mean a continued upward trend. And not to be complacent — a pullback is sure due if the SEC’s filing tomorrow doesn’t meet the market’s expectations.

To Sum Up:

• Expected price range: $2.85 – $3.10
• Key resistance level: $3
• Potential catalyst: SEC opening brief filing.
• Overall sentiment: Bullish, but be cautious of potential volatility around the SEC filing.

Related: XRP’s Recovery Signals New Opportunities Against Bitcoin