XRP Targets $4 as Momentum Builds, but a Short-Term Pullback Is Possible

Irene Mukiri

13 hours ago

XRP Targets $4 as Momentum Builds, but a Short-Term Pullback Is PossibleXRP Targets $4 as Momentum Builds, but a Short-Term Pullback Is PossibleXRP Targets $4 as Momentum Builds, but a Short-Term Pullback Is PossibleXRP Targets $4 as Momentum Builds, but a Short-Term Pullback Is PossibleXRP Targets $4 as Momentum Builds, but a Short-Term Pullback Is PossibleXRP Targets $4 as Momentum Builds, but a Short-Term Pullback Is PossibleXRP Targets $4 as Momentum Builds, but a Short-Term Pullback Is PossibleXRP Targets $4 as Momentum Builds, but a Short-Term Pullback Is Possible

XRP eyes a $4 target, but confirmation on key time frames remains crucial.
Spot inflows signal strong accumulation, but profit-taking may slow momentum.
Technical indicators suggest possible short-term consolidation before a breakout.

XRP remains in the spotlight as technical indicators suggest a potential breakout, but confirmation is still required. Analysts are closely monitoring the four-hour and one-day time frames to determine whether XRP can sustain its upward movement.

Dark Defender’s analysis points to a short-term price target of $4, with support established at $3.07. Meanwhile, the market shows mixed signals, with rising inflows indicating strong accumulation while technical indicators hint at a possible consolidation phase.

Hi all. #XRP is pending confirmation on 4-hour and 1-day time frames for the breakout.

The short-term target is $4 with Sub-Wave 5, and the Support is $3.07.

Have a great day!
(Not Financial Advice) pic.twitter.com/PALVKzAQQi
— Dark Defender (@DefendDark) January 30, 2025

XRP Price Movement and Market Sentiment

XRP is currently priced at $3.09, reflecting a 0.42% increase in the past 24 hours. The 24-hour trading volume stands at $6.87 billion, indicating sustained market activity. Notably, CrediBull Crypto highlights that XRP’s price movement aligns with a broader market trend, where traders are positioning for a potential rally.

Looks about right so far. Looking forward to the next step 🙂$XRP https://t.co/jWwMtZeOMJ
— CrediBULL Crypto (@CredibleCrypto) January 30, 2025

The XRP Spot Inflow/Outflow chart reveals an interesting trend. Between April and October, the market witnessed consistent net outflows, signaling strong sell pressure. However, a shift occurred in November as inflows surged, aligning with XRP’s price appreciation.

Significant inflows were recorded in late November and mid-January, correlating with price spikes above $3. Conversely, January saw major outflows, suggesting profit-taking among investors.

These inflow and outflow patterns indicate that XRP’s price action is largely dictated by shifts in market sentiment, where increased accumulation drives rallies and sell-offs lead to corrections.

Technical Indicators Suggest Possible Consolidation

XRP/USD daily price chart, Source: TradingView

Examining key indicators, the Relative Strength Index (RSI) stands at 61.79, reflecting bullish momentum. Since an RSI above 70 indicates overbought conditions, XRP still has room for growth. However, a slight decline from recent RSI highs suggests a potential consolidation phase before the next upward push.

The MACD line remains below the signal line, signaling mild bearish momentum. However, the narrowing gap suggests a potential bullish reversal if trading volume surges. This could lead to short-term consolidation before a possible uptrend.