Price Analysis

Ripple (XRP) Price Prediction For January 13

XRP price prediction For January 13 notes an uncertain outlook after an 11% breakout rally. What's next for Ripple as open interest doubles?
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Ripple (XRP) Price Prediction For January 13

Highlights

  • Ripple (XRP) sees 11% price rally on January 11, outperforming the crypto market.
  • XRP breaks out of symmetrical triangle setup, but outlook remains uncertain.
  • Open interest in XRP spikes from $2B to $5B in less than a month.

Ripple (XRP) has been a trending coin for the past few weeks due to its massive rally and unmatched volatility. Ripple CEO Brad Garlinghouse’s dinner with President-elect Donald Trump has increased its popularity among crypto investors. That is why XRP saw an 11% price rally on January 11, while the rest of the crypto market, including Bitcoin (BTC), struggled.

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XRP Price Prediction: Bulls In Trouble Despite Bullish Breakout 

Since December 3, 2024, XRP has been hovering inside a symmetrical triangle setup. This technical formation contains the price forming lower highs and higher lows. As the token approaches the triangle’s apex, the volatility is extremely low, leading to a breakout. This setup has no directional bais, which means XRP could break out either way.

However, on January 11, the token shot up 11%, suggesting the resolution of the ongoing consolidation pattern. However, the outlook is not clear yet, and it is unlikely that Ripple price will continue its ascent until a few conditions are met.

XRP/USDT 4-hour chart

Despite the recent uptick, the outlook remains bearish for a few reasons.

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3 Reasons Why is XRP Dropping Today?

After the 11% rally on January 11, XRP set up a local top at $2.60 and is already dropping. Here are three reasons why.

Reason 1: Due to profit-taking and exhaustion after a recent double-digit rally, XRP token is down 1.76% today and trades around $2.46.

Reason 2: The 40-day volume profile shows that 70% of the volume was traded between $2.20 and $2.53. Despite the recent breakout from the symmetrical triangle, XRP has dropped below the volume profile’s upper limit of $2.53.So long as bulls fail to overcome this level, the outlook remains uncertain and skewed in favor of bears. 

Reason 3: The recent breakout could be speculated as a trap that wiped out $80 million in short positions and lured long positions. According to CoinGlass data, long positions worth nearly $42 could get wiped if the token drops below $2.44.

XRP Liquidation Map

Open Interest Spikes, What’s Next For Ripple?

XRP’s open interest has rocketed from $2 billion on December 22, 2024, to $5 billion as of January 13. With this key indicator more than doubling in less than a month, it is clear that speculators are heavily invested in the coin.

XRP Price vs. Open Interest

A spike in open interest, coupled with a breakdown below the volume area’s upper limit, reveals a short-term bearish outlook. However, if XRP price manages to overcome $2.55, it could kickstart a 33% move to $3.15.

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Frequently Asked Questions

Why did XRP's price rally 11% on January 11?

The rally was likely due to Ripple CEO Brad Garlinghouse's dinner with President-elect Donald Trump, increasing XRP's popularity among crypto investors.

What is the current outlook for XRP's price?

Despite the recent breakout, the outlook remains uncertain and skewed in favor of bears due to profit-taking, exhaustion, and failure to overcome key resistance levels.

What could happen to XRP's price if it overcomes the $2.55 resistance level?

If XRP manages to overcome $2.55, it could kickstart a 33% move to $3.15.
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Akash Girimath

Senior Cryptocurrency Analyst & Market Strategist Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts. A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise. Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.

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