{"id":135542,"date":"2021-01-10T01:00:24","date_gmt":"2021-01-09T19:30:24","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=135542"},"modified":"2024-01-30T03:11:46","modified_gmt":"2024-01-29T21:41:46","slug":"xrp-price-analysis-09-january","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/","title":{"rendered":"XRP Price Analysis: 09 January"},"content":{"rendered":"

Disclaimer: The findings of the following article is the sole opinion of the writer and should not be taken as investment advice\u00a0<\/em><\/p>\n

Bitcoin continued on its parabolic run as it breached the $40,000 level to register a high of $41,986. Ethereum was also trading above $1,200 and the altcoin market saw many coins, large-cap or otherwise, register good gains.<\/p>\n

XRP had a rather unclear picture. Further bearish news or a correction across the market could easily see XRP lose the important $0.3 level to the bears.<\/p>\n

XRP 1-day chart<\/h4>\n
\"XRP<\/a>
Source: XRP\/USD<\/a> on TradingView<\/figcaption><\/figure>\n

We know how XRP’s surge to $0.78 turned out. What is important to consider is the fact that, prior to the breakout, XRP was trading within a range from $0.17 to $0.3 since July 2019.<\/p>\n

In the long-term, $0.3 is a very important level indeed. That is why the move above this level over the past few days gave some hope to XRP bulls.<\/p>\n

Even though XRP has a low correlation<\/a> of +0.3 to BTC, it remains a fact that XRP has not seen anywhere near the expected appreciation while Bitcoin and Ether multiplied in value over the past few months. A deep correction in the crypto market will see XRP face intense selling pressure as well.<\/p>\n

Hence, for XRP, a short position is likely to turn out to be the profitable bet over the coming weeks, provided $0.3 is ceded to the bears.<\/p>\n

Reasoning<\/h4>\n

The RSI showed that the bearish momentum which seized XRP has given way to a more neutral outlook. The defense of the $0.3 level is of vital importance over the coming weeks.<\/p>\n

A daily close beneath this level is very likely to see XRP register further losses, with the mid-point of the range at $0.23 likely to be tested in that case.<\/p>\n

The RSI has not yet risen past neutral 50, and could be poised to test that value before heading downward once more alongside the price. The 100 day moving average (pink) can also be expected to offer resistance to XRP.<\/p>\n

Position<\/h4>\n

Note that this trade requires $0.3 to be lost and retested as resistance to enter a short position.<\/p>\n

Entry: $0.3<\/p>\n

Stop-loss: $0.345<\/p>\n

Take-profit: $0.23<\/p>\n

Risk-to-reward: 1.56<\/p>\n

Conclusion<\/h4>\n

In the scenario that XRP loses the $0.3 level to selling pressure, a short position is recommended. A consolidation above this level over the next few days does not necessarily mean that XRP is on the road to recovery, but a move above $0.36 would indicate bullish strength for XRP.<\/p>\n","protected":false},"excerpt":{"rendered":"

Disclaimer: The findings of the following article is the sole opinion of the writer and should not be taken as investment advice\u00a0 Bitcoin continued on its parabolic run as it breached the $40,000 level to register a high of $41,986. Ethereum was also trading above $1,200 and the altcoin market saw many coins, large-cap orContinue reading “XRP Price Analysis: 09 January”<\/span><\/a><\/p>\n","protected":false},"author":31,"featured_media":135553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,44,18,3,55,4,20],"tags":[],"class_list":["post-135542","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-global-news","category-hide-cryptopanic","category-news","category-xrp-ripple-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nXRP Price Analysis: 09 January - AMBCrypto<\/title>\n<meta name=\"description\" content=\"XRP was an unclear picture. Further bearish news or a correction across the market could easily see XRP lose the important $0.3 level to the bears.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Price Analysis: 09 January - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Disclaimer: The findings of the following article is the sole opinion of the writer and should not be taken as investment advice\u00a0 Bitcoin continued on its\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-09T19:30:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-29T21:41:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/01\/PA-4-featured-min-2-e1610188626375.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Yash Rajan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/YASHRAJANOffic1\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yash Rajan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/xrp-price-analysis-09-january\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/xrp-price-analysis-09-january\\\/\"},\"author\":{\"name\":\"Yash Rajan\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/0930beefb5a002d9424ee3d6b3e8f10e\"},\"headline\":\"XRP Price Analysis: 09 January\",\"datePublished\":\"2021-01-09T19:30:24+00:00\",\"dateModified\":\"2024-01-29T21:41:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/xrp-price-analysis-09-january\\\/\"},\"wordCount\":409,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/xrp-price-analysis-09-january\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/PA-4-featured-min-2-e1610188626375.jpg\",\"articleSection\":[\"Altcoin\",\"Analysis\",\"Global News\",\"HideCryptopanic\",\"News 1\",\"Ripple\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/xrp-price-analysis-09-january\\\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/xrp-price-analysis-09-january\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/xrp-price-analysis-09-january\\\/\",\"name\":\"XRP Price Analysis: 09 January - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/xrp-price-analysis-09-january\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/xrp-price-analysis-09-january\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/PA-4-featured-min-2-e1610188626375.jpg\",\"datePublished\":\"2021-01-09T19:30:24+00:00\",\"dateModified\":\"2024-01-29T21:41:46+00:00\",\"description\":\"XRP was an unclear picture. Further bearish news or a correction across the market could easily see XRP lose the important $0.3 level to the bears.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/xrp-price-analysis-09-january\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/xrp-price-analysis-09-january\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/PA-4-featured-min-2-e1610188626375.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/PA-4-featured-min-2-e1610188626375.jpg\",\"width\":1200,\"height\":800,\"caption\":\"XRP Price Analysis: 09 January\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/0930beefb5a002d9424ee3d6b3e8f10e\",\"name\":\"Yash Rajan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/Yash-Rajan-150x150.jpg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/Yash-Rajan-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/Yash-Rajan-150x150.jpg\",\"caption\":\"Yash Rajan\"},\"description\":\"A Biomedical engineering graduate, Yash focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/yash-rajan-a415a0111\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/twitter.com\\\/YASHRAJANOffic1\"],\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/yash-rajan\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"XRP Price Analysis: 09 January - AMBCrypto","description":"XRP was an unclear picture. Further bearish news or a correction across the market could easily see XRP lose the important $0.3 level to the bears.","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/","og_locale":"en_US","og_type":"article","og_title":"XRP Price Analysis: 09 January - AMBCrypto","og_description":"Disclaimer: The findings of the following article is the sole opinion of the writer and should not be taken as investment advice\u00a0 Bitcoin continued on its","og_url":"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2021-01-09T19:30:24+00:00","article_modified_time":"2024-01-29T21:41:46+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/01\/PA-4-featured-min-2-e1610188626375.jpg","type":"image\/jpeg"}],"author":"Yash Rajan","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/YASHRAJANOffic1","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Yash Rajan","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/"},"author":{"name":"Yash Rajan","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/0930beefb5a002d9424ee3d6b3e8f10e"},"headline":"XRP Price Analysis: 09 January","datePublished":"2021-01-09T19:30:24+00:00","dateModified":"2024-01-29T21:41:46+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/"},"wordCount":409,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/01\/PA-4-featured-min-2-e1610188626375.jpg","articleSection":["Altcoin","Analysis","Global News","HideCryptopanic","News 1","Ripple","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/#respond"]}],"copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/","url":"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/","name":"XRP Price Analysis: 09 January - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/01\/PA-4-featured-min-2-e1610188626375.jpg","datePublished":"2021-01-09T19:30:24+00:00","dateModified":"2024-01-29T21:41:46+00:00","description":"XRP was an unclear picture. Further bearish news or a correction across the market could easily see XRP lose the important $0.3 level to the bears.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/xrp-price-analysis-09-january\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/01\/PA-4-featured-min-2-e1610188626375.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/01\/PA-4-featured-min-2-e1610188626375.jpg","width":1200,"height":800,"caption":"XRP Price Analysis: 09 January"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/0930beefb5a002d9424ee3d6b3e8f10e","name":"Yash Rajan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2019\/11\/Yash-Rajan-150x150.jpg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2019\/11\/Yash-Rajan-150x150.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2019\/11\/Yash-Rajan-150x150.jpg","caption":"Yash Rajan"},"description":"A Biomedical engineering graduate, Yash focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.","sameAs":["https:\/\/www.linkedin.com\/in\/yash-rajan-a415a0111\/","https:\/\/x.com\/https:\/\/twitter.com\/YASHRAJANOffic1"],"url":"https:\/\/ambcrypto.com\/author\/yash-rajan\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/135542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=135542"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/135542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/135553"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=135542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=135542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=135542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}