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\n\t\t\t\t\t\t\t\t\tAnalysts frame XRP\u2019s pullback as a controlled correction, not distribution, keeping the broader bullish case intact.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The price of Ripple\u2019s XRP token is testing a critical support level near $2.12 this week, following a rally that saw it become the world\u2019s third-largest non-stablecoin cryptocurrency.<\/p>\n
Following that, a prominent market observer has now assigned a 60% probability of even more significant upward moves for the asset.<\/p>\n
Analyst EGRAG CRYPTO highlighted <\/a>that XRP remains inside a defined downward channel on its five-day chart. They view the current activity as a \u201ccontrolled correction\u201d rather than a distribution.<\/p>\n The analyst\u2019s framework suggests a 60% chance of an upward breakout, contingent on the price closing above the 21-period exponential moving average and breaking the channel\u2019s top near $2.30.\u00a0Such a move, according to EGRAG, could open a path toward targets between $3.10 and $3.30.<\/p>\n \u201cUntil then \u2192 it\u2019s just a bounce inside the channel, not a breakout,\u201d the market watcher insisted.<\/p>\n<\/blockquote>\n Conversely, they see a 30% chance of continued range-bound trading and only a 10% risk of a full decline toward $1.<\/p>\n Trading activity has also backed up the heightened attention, with XRP commentator John Squire noting<\/a> that the token recorded about $23 million in global trading volume within a single minute, suggesting participation beyond small retail trades.<\/p>\n Data cited by several observers shows<\/a> there have been strong inflows into newly launched spot XRP ETFs, with the products attracting almost $1.2 billion since mid-November 2025, and absorbing close to 1% of circulating supply in just over a month.<\/p>\n According to real-time data from January 5, XRP is trading well above $2.10, reflecting an 12% gain in the last seven days, with the performance helping it overtake BNB in market capitalization on January 3. The move is part of a broader recovery from a late-2025 slump, with the asset now up approximately 4% over the past 30 days.<\/p>\n The short-term trajectory has divided market participants. On one hand, on-chain metrics offer a bullish signal, with data from CryptoOnchain showing<\/a> the XRP Taker Buy\/Sell Ratio on Binance hitting a one-month high, suggesting aggressive selling is easing.<\/p>\n However, some, like Cheds Trading, identified<\/a> the largest four-hour volume candle in a month as a potential bearish sign, noting a rejection at resistance, while other observers warned of immediate technical hurdles, with sell walls noted between $2.17 and $2.25 that could slow advancement.<\/p>\n All said, the outlook for XRP in 2026 remains wide open, with potential scenarios ranging from a bullish run<\/a> toward $10, driven by continued institutional adoption and Ripple\u2019s business expansion, to a bearish retreat toward $1 if profit-taking accelerates and broader market conditions worsen.<\/p>\n\n
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