Ripple (XRP) price jumps 15%, short-term market structure changes!

Jakarta, Pintu News – The cryptocurrency market recently witnessed a significant surge in the price of Ripple (XRP), with a rise of more than 15% that changed the short-term market structure. Now, Ripple (XRP) is in a consolidation phase and may achieve further gains.

Significant Increase in Ripple (XRP) Price

The price of Ripple (XRP) experienced a strong increase after successfully breaking through the $2.20 level. Not only did this rise follow the same positive trend as Bitcoin (BTC) and Ethereum (ETH), but it also managed to surpass the key resistance at $2.25. After that, the price continued to climb until it broke through the $2.35 zone and peaked at $2.416.

Currently, Ripple (XRP) is in a consolidation phase above the 23.6% Fibonacci retracement level of the last bull run that started from a low of $2.11 to a high of $2.416. The price is currently above $2.35 and the 100-hourly simple moving average. Additionally, there is a bullish trend line formed with support at $2.1650 on the hourly chart of the Ripple (XRP)/USD pair.

Also Read: Bitcoin (BTC) Prepares for a Surge: Potential Rise to $104,000 in the Near Future?

Further Upside Potential

In case of a fresh upside movement, the price of Ripple (XRP) may face resistance near the $2.40 level. The first major resistance is near $2.42, where if successfully crossed, the price could try to break $2.45. If the price manages to cross the $2.45 resistance, it could take Ripple (XRP) towards the $2.50 resistance. Further upside might lead the price towards $2.55, with the next major resistance being near $2.65.

Possible Price Correction

However, if Ripple (XRP) fails to break the $2.42 resistance zone, the price may see a decline. Initial support lies near $2.35, with the next major support near $2.26 or the 50% Fibonacci retracement level of the last rise. In the event of a downward break and close below the $2.26 level, prices could continue to drop towards $2.20. The next major support lies in the $2.1650 zone, below which the price could continue to decline towards $2.02.

Technical Indicators

The hourly Moving Average Convergence Divergence (MACD) indicator for Ripple (XRP)/USD is currently showing acceleration in the bullish zone. Meanwhile, the hourly Relative Strength Index (RSI) for Ripple (XRP)/USD is above the 50 level. The key support levels are at $2.35 and $2.26, while the key resistance levels are $2.42 and $2.45.

Conclusion

With the changing market structure and the potential for further gains, investors and market watchers should pay attention to key resistance and support levels. Ripple (XRP) is currently showing strong momentum, and the next move could very well determine the direction of the short-term trend.

Also Read: New Record! Ethereum Records $8 Trillion Worth of Stablecoin Transactions

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Reference

• NewsBTC. XRP Price Rips Higher to $2.40. Accessed on January 6, 2026