XRP Analyst Sees 60% Chance for Major Rally as Ripple Price Reclaims $2
The value of Ripple’s XRP token is testing a important assist degree close to $2.12 this week, following a rally that noticed it change into the world’s third-largest non-stablecoin cryptocurrency.
Following that, a outstanding market observer has now assigned a 60% chance of much more important upward strikes for the asset.
Testing the Waters for a Larger Move
Analyst EGRAG CRYPTO highlighted that XRP stays inside an outlined downward channel on its five-day chart. They view the present exercise as a “managed correction” somewhat than a distribution.
The analyst’s framework suggests a 60% likelihood of an upward breakout, contingent on the value closing above the 21-period exponential shifting common and breaking the channel’s high close to $2.30. Such a transfer, in response to EGRAG, might open a path towards targets between $3.10 and $3.30.
“Until then → it’s only a bounce contained in the channel, not a breakout,” the market watcher insisted.
Conversely, they see a 30% likelihood of continued range-bound buying and selling and solely a ten% danger of a full decline towards $1.
Trading exercise has additionally backed up the heightened consideration, with XRP commentator John Squire noting that the token recorded about $23 million in international buying and selling quantity inside a single minute, suggesting participation past small retail trades.
Data cited by a number of observers shows there have been robust inflows into newly launched spot XRP ETFs, with the merchandise attracting virtually $1.2 billion since mid-November 2025, and absorbing near 1% of circulating provide in simply over a month.
Price Structure, On-Chain Data, and the Road Ahead
According to real-time information from January 5, XRP is buying and selling nicely above $2.10, reflecting an 12% achieve within the final seven days, with the efficiency serving to it overtake BNB in market capitalization on January 3. The transfer is a part of a broader restoration from a late-2025 stoop, with the asset now up roughly 4% over the previous 30 days.
The short-term trajectory has divided market members. On one hand, on-chain metrics supply a bullish sign, with information from CryptoOnchain showing the XRP Taker Buy/Sell Ratio on Binance hitting a one-month high, suggesting aggressive promoting is easing.
However, some, like Cheds Trading, identified the most important four-hour quantity candle in a month as a possible bearish signal, noting a rejection at resistance, whereas different observers warned of instant technical hurdles, with promote partitions famous between $2.17 and $2.25 that would gradual development.
All mentioned, the outlook for XRP in 2026 stays broad open, with potential eventualities starting from a bullish run towards $10, pushed by continued institutional adoption and Ripple’s enterprise growth, to a bearish retreat towards $1 if profit-taking accelerates and broader market situations worsen.
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