XRP's strong start to the year: technical and fundamental analysis support the upcoming market?

【Crypto World】In the first week of the new year, XRP performed remarkably, with a price increase of about 8%. The main driver behind this rally is the rotation effect of funds among different cryptocurrencies. In the short term, market participants are closely watching the key range between $2.22 and $2.39—whether the technical support levels here can hold will directly determine the resilience of this upward trend.

As for the longer-term target, around $5 is indeed possible, but the conditions won’t be so simple. On one hand, a sustained positive macroeconomic environment is needed; on the other hand, whether Ripple can make substantial progress in its layout within traditional financial infrastructure will also influence the subsequent trend. In other words, the technical aspect has support, but ultimately, it depends on macroeconomic factors and the actual results of Ripple’s ecosystem expansion.