XRP Is The Best Looking Altcoin Chart Right Now, Says Crypto Analyst

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	174,782,883,353	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

174,782,883,353

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.020	0.65%	3.09	3.09	3.09

Price Change

Price Change %

Current Price

Bid Price

Offer

0.020

0.65%

3.09

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3.13	3.05	3.07	3.07	0.382490 - 3.40

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3.13

3.05

3.07

0.382490 - 3.40

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:16:28	323.68	3.09	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

12:16:28

323.68

3.09

USD

Price x Volume	Volume	Base Symbol	Related Pairs
145,588,787.49	46,871,836.43	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

145,588,787.49

46,871,836.43

XRP Is The Best Looking Altcoin Chart Right Now, Says Crypto Analyst

29/01/2025 2:00pm

NEWSBTC

Renowned trader and market commentator Jacob Canfield (@JacobCanfield) has identified XRP as the standout performer among altcoins, sharing a price chart on X that underscores the token’s recent momentum. While most altcoins have suffered double-digit losses in recent days, the XRP price has held up exceptionally well. XRP Builds Strong Momentum The daily chart for the XRP/USD perpetual contract on ByBit reveals a steady climb from sub-$0.50 levels in early November to a current consolidation area around $3.10. The overall picture shows a series of higher highs and higher lows, affirming XRP’s ongoing bullish structure. The initial rally began below $0.50, gathering momentum through November and early December. By late December, XRP had reached the $2.00 region, briefly consolidating before continuing its move upward. Around mid-January, the token surpassed $3.00, topping out near $3.20 before experiencing a pullback. Related Reading: XRP Rebound Gains Traction As Bulls Aim To Sustain The Momentum Canfield’s chart highlights several key support and resistance levels, including a pink demand zone around $1.90–$2.00 that has repeatedly acted as a strong base whenever price has dipped. A sharp wick into this zone, followed by a swift recovery, suggests that bulls are consistently defending the $2.00 threshold. Higher on the chart is a black horizontal line near $2.90, which marked the local top in early December 2024 and is now serving as support. XRP’s historical support levels—marked at $0.5478, $0.3125, and $0.1778—sit far below current market prices but provide context for significant regions observed in past trading cycles. Recent candlestick patterns reflect notable volatility around $3.00. A sudden drop briefly took the market under $2.65, but the price rebounded almost as quickly. This type of sharp dip and recovery often implies sufficient liquidity and a willingness among traders to absorb sell orders. The cluster of candlesticks near $3.05–$3.10 indicates a balance between buying and selling pressure at a pivotal resistance zone; a decisive move up or down may set the tone for near-term momentum. Related Reading: Bollinger Bands Tighten On XRP Daily Chart – Major Price Move Ahead? In his brief yet emphatic comment—“XRP – Unironically looks like the best altcoin chart in crypto right now”—Canfield expresses a bullish view based on the chart’s clear structure and resilient demand. He points to the strength of the uptrend, well-defined support and resistance levels, and what appears to be robust interest in defending key zones. Although he has not offered explicit price targets, the chart reveals the importance of holding above $3.00 which aligns with the pivotal 0.5 Fibonacci retracement level (drawn from the mid-January peak) and potentially breaking past $3.24 (0.786 Fibonacci retracement level). In a worst case scenario, a deeper correction could revisit the $2.00 demand zone, where XRP has found considerable support in recent months. Whether XRP can sustain its position and build upon its market traction remains to be seen, but its technical framework has attracted the attention of many traders looking for altcoins with strong trend dynamics. Featured image created with DALL.E, chart from TradingView.com

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XRPUSD Ripple