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XRP price prediction – What to expect if $2.3 support holds 

2min Read

Here’s how liquidity hunt could drive XRP’s short-term price moves.

XRP price prediction - What to expect if $2.3 support holds 
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  • XRP was up nearly 30% in December but consolidated above $2.3. 
  • Here’s what could happen before XRP eyes $3 or 2021 highs.

After a 280% upswing in November, Ripple [XRP] extended the uptrend in early December with an extra 30% to $2.9. 

But the altcoin’s rally has slightly cooled off in the past few days, marking $2.3 as a crucial short-term support.  What are the possible scenarios for the XRP price after the cool-off? 

XRP’s next moves

XRP

Source: XRP/USDT, TradingView

On the lower timeframe chart, XRP has defended the $2.3 support since December 2nd. If the short-term support holds, XRP could retarget the recent high of $2.9 or blast above $3 to the 2021 cycle top of $3.3. 

The RSI reading on the 4-hour chart supported the above scenario. It defended the neutral 50 mark, reinforcing that demand was substantial for the altcoin. 

However, there weren’t strong short-term capital inflows to confirm the bullish bias, as illustrated by the neutral reading on CMF (Chaikin Money Flow).

A decisive move above the median mark could reinforce XRP’s odds of eyeing $3 or 2021 highs. 

That said, XRP’s market structure was still solid based on the higher timeframe charts.

On the weekly charts, price momentum was strong (yellow line above 20), with buyers (green) having the upper hand as shown by the DMI (Directional Movement Index). 

XRP

Source: XRP/USDT, TradingView

However, a crack below $2.3 could probably push XRP to the next support and Golden ratio at $1.5. 

Liquidation heatmap insights

According to Coinglass liquidation heatmap data, there were pockets of liquidity on either side of the price action.

On the upper side, leveraged shorts piled above $2.6 (bright orange levels).

On the contrary, the lower-side liquidity at $2.53 was recently tapped.

But market makers hadn’t tapped other lower liquidity levels at $2.45 and $2.38. If so, leveraged longs at these levels could be liquidated before XRP pushes forward.  

XRP

Source: Coinglass


Read Ripple [XRP] Price Prediction 2024-2025


So, driven by liquidity sweep, the XRP price could slide to $2.45 or $2.38 before eying upper targets above $2.6.

However, since $2.3 doubled as short-term support, a decisive move lower could dent the short-term bullish outlook. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

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Benjamin Njiri is a Crypto Analyst and Journalist at AMBCrypto who specializes in technical analysis and identifying emergent market trends. He excels at breaking down complex chart patterns and on-chain data to make them accessible and actionable for investors. His rigorous analytical approach is founded on his academic background as a Telecommunication Engineering graduate. This discipline has equipped him with an expert understanding of signal processing and data analysis, allowing him to systematically filter market noise from true trend signals with engineering precision. Armed with this unique perspective, Benjamin focuses on providing clear, data-driven insights into the digital asset landscape. His work is dedicated to demystifying the intricate world of cryptocurrencies, empowering readers to understand the forces that shape the market and to navigate it with greater confidence.
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