XRP Price Prediction for January 18: What to Expect in the Next 24 Hours

XRP soared to a monumental $3.40 price level after seven long years.
Austin King, co-founder of Omni Network, predicts a trillion-dollar valuation for Ripple.
Technicals also turned bullish for XRP as the price action aims to break the $4 price

XRP has reached its highest price in seven years with an over-the-week surge of 44.72%, peaking at $3.40; currently trading at $3.33. The token is now just 13.13% away from its all-time high of $3.84, according to CoinMarketCap data.

Austin King, co-founder of Omni Network, attributed XRP’s remarkable growth to Ripple’s decade-long strategy. He emphasized Ripple’s progress in stablecoins, particularly with RLUSD, and its focus on tokenizing the $55 trillion U.S. asset market.

King suggested this approach could position Ripple as a trillion-dollar company. He also highlighted that XRP’s market cap has recently exceeded major firms like Adobe and, at one point, even surpassed Goldman Sachs.

King pointed out the progress made on the XRP Ledger in recent months with Ripple’s approach to creating a financial system from scratch. King views XRP’s continued growth as inevitable, with the asset positioned for long-term success.

XRP Price Analysis: Will $4 Be Next?

Technical analysis shows XRP breaking through the upper Bollinger Bands, signaling bullish momentum. Despite lower trading volume compared to December, the charts suggest room for another price rally.

The MACD indicator remains bullish, with the MACD line pulling further away from the signal line. The increasing histogram intensity supports the possibility of XRP testing $4 soon.

Additionally, XRP’s Relative Strength Index (RSI) stands at 77.28, indicating overbought conditions. The RSI trend suggests a brief cooldown before further gains.

XRP Price Prediction for January 18

XRP’s current momentum points to continued gains in the next 24 hours. Key levels to watch include the $3.40 resistance. Breaking this level with strong trading volume could pave the way to $4. However, a pullback is possible if buying momentum slows.

To Sum Up:

Expected price range: $3.25 – $4
Key resistance level: $3.40
Potential catalyst: Tokenization developments and trading volume.
Overall sentiment: Bullish, with caution around potential volatility.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.