{"id":66818,"date":"2026-01-23T01:11:51","date_gmt":"2026-01-23T01:11:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-eyes-2-35-as-bulls-take-charge-check-forecast\/"},"modified":"2026-01-23T01:11:51","modified_gmt":"2026-01-23T01:11:51","slug":"xrp-eyes-2-35-as-bulls-take-charge-check-forecast","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-eyes-2-35-as-bulls-take-charge-check-forecast\/","title":{"rendered":"XRP eyes $2.35 as bulls take charge: Check forecast"},"content":{"rendered":"

(Originally posted on : XRP News, Latest Stories & Analysis | Invezz )<\/b>
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The cryptocurrency market is in the green following a rocky start to the week. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have increased in value by 4%, 7%, and 5%, respectively, over the last 24 hours.\u00a0<\/p>\n

They are now trading at key levels and could rally higher in the near term, with the bulls targeting $100,000 for BTC, $3,500 for ETH, and $2.35 for XRP.<\/p>\n

XRP and other major altcoins rally higher amid investor optimism<\/h2>\n


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XRP, the native coin of the Ripple blockchain, is up 5% in the last 24 hours and is currently trading at $2.15 per coin.<\/p>\n

The positive performance comes thanks to easing US inflation and renewed political uncertainty around the Federal Reserve.\u00a0<\/p>\n

The Core CPI data came in as a surprise on Tuesday, indicating that inflation figures are declining. <\/p>\n

This reinforced expectations that the Federal Reserve will continue cutting rates this year. <\/p>\n

Lower inflation eased pressure on bond yields and improved liquidity conditions, allowing XRP and other major cryptocurrencies to rally higher.\u00a0<\/p>\n

The rally also affected the futures markets, with bears recording massive losses over the last 24 hours. <\/p>\n

Data obtained from CoinGlas<\/a>s revealed that over $688 million in crypto derivatives positions were liquidated over the past 24 hours.<\/p>\n

Per the data, bears recorded bigger losses, with $603 million worth of short positions wiped out from the market since Tuesday.\u00a0<\/p>\n

CoinGlass added that the liquidation affected nearly 122,000 traders, led by a $12.9 million ETHUSDT liquidation on Binance.<\/p>\n

The liquidation highlights how aggressively traders had positions for downward movement ahead of the CPI data announcement. <\/p>\n

With the PPI data to be published later today, XRP, Bitcoin, and other leading cryptocurrencies could rally higher.\u00a0<\/p>\n

XRP eyes the $2.35 mark<\/h2>\n


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The XRP\/USD 4-hour chart is bullish thanks to Ripple adding 5% to its value in the last 24 hours. <\/p>\n

The ongoing rally confirms that XRP has found support around the 50-day EMA\u00a0 at $2.07.<\/p>\n

The strong support level could serve as the spring that could push XRP\u2019s price higher in the near term. <\/p>\n

At the time of writing on Wednesday, XRP is trading at around $2.15.<\/p>\n

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If the bulls continue to push higher, XRP could extend its rally towards the next daily resistance level at $2.35. <\/p>\n

The $2.5 psychological level could come into play once the bulls hit $2.35.\u00a0<\/p>\n

Similar to the other leading cryptocurrencies, XRP\u2019s RSI and MACD indicators showed bullish signals and support a positive outlook. <\/p>\n

The RSI stands at 58, above the neutral 50, while the MACD lines have crossed into the bullish territory.\u00a0<\/p>\n

However, if the market retraces following the recent rally, XRP could decline towards the 50-day EMA and a strong support level at $2.07.<\/p>\n<\/p><\/div>\n

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(Originally posted on : XRP News, Latest Stories & Analysis | Invezz ) The cryptocurrency market is in the green following a rocky start to the week. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have increased in value by 4%, 7%, and 5%, respectively, over the last 24 hours.\u00a0 They are now trading at key […]<\/p>\n","protected":false},"author":14,"featured_media":66819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[39],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/66818"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=66818"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/66818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/66819"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=66818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=66818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=66818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}