XRP price prediction for January 18

XRP continues to hold below all-time highs, with the market still showing potential for an upward move. The overall outlook remains bullish as the five-wave Elliott Wave pattern indicates higher prices ahead. After completing the fourth wave triangle, XRP has been consolidating, and there are still opportunities for further gains. At the time of writing, XRP is at $3.21, down more than two percent in the last 24 hours.

Key resistance and support levels

XRP is currently facing resistance at the $3.30 level. Price is consolidating below this key point, building strength for a potential breakout. A small 7% pullback has occurred, but in the dynamic world of crypto, this is not significant, especially considering the previous 45% increase.

Support levels remain important to watch, especially between $2.52 and $2.94. This range can serve as a base for any pullback, setting the stage for a move higher.

Market structure and return potential

While the possibility of a rebound is still on the table, there is no clear evidence that it has peaked. The triangle pattern may still evolve, and the market may continue to make higher highs. However, any pullback, if it occurs, should be relatively shallow.

The main false point for the current bullish view is at the $2.32-$2.33 level. As long as XRP remains above this mark, the trend will remain up.

Next supported targets for XRP

Looking ahead, XRP's next major targets are at the $4.20 and $5 levels. If these are broken, the price could head towards the $6.61 range. These levels are part of a broader long-term bullish outlook for XRP.