Now trading at $2.9693, this rally comes after weeks of consolidation near $2, closely aligning with the Fib 0.382 level of $1.9893 as 2024 came to a close.

With an 11.32% gain today, XRP is rapidly closing in on its all-time high of $3.40, a level last reached in January 2018, as traders closely monitor its approach to key resistance levels.

XRP Rally Gains Traction but Faces Overbought Risks

The 20-day EMA for the XRP price is currently at $2.4434, comfortably above the 50-day EMA at $2.1653 and the 100-day EMA at $1.7431. This alignment confirms a strong bullish trend, suggesting the current rally still has momentum.

Source: TradingView / XRPUSD

However, traders should note that the Relative Strength Index (RSI) stands at 71.53, indicating overbought conditions. While this reflects robust buying interest, it also signals a potential pullback as traders lock in profits.

What Traders Should Watch as XRP Approaches $3.40

Key levels to watch include the immediate resistance at $3.40. A successful breakout above this level could push XRP into uncharted territory, reigniting market excitement.

On the downside, immediate support is at the 20-day EMA of $2.4434, followed by the Fib 0.236 level at $2.3425. A breach below these supports may signal a period of consolidation or correction.

Given XRP’s current overbought conditions, it may be prudent for traders to adopt a cautious approach, setting clear risk limits and considering profit-taking strategies.

If XRP successfully breaks past its all-time high, it could signal the start of a new bullish phase, while a failure to hold support levels may lead to a period of consolidation or a broader correction.

XRP Breaks $3 as Wall Street Pepe ($WEPE) Draws Retail Investors With $48.8M Presale

As XRP’s rally pushes it beyond $3, retail traders are also flocking to Wall Street Pepe ($WEPE), a presale token that has raised over $48.8 million, showcasing strong interest from the crypto community.

This surge in presale funding highlights the growing appeal of $WEPE, which offers a unique approach to supporting retail traders in a competitive market.

With great memes comes great responsibility. pic.twitter.com/CmaoJ8z2tI

— Wall Street Pepe (@WEPEToken) January 15, 2025 Wall Street Pepe ($WEPE) has gained major traction for offering retail traders tools and resources traditionally reserved for larger market players.

Currently priced at $0.00036647 per token, $WEPE tokens will provide holders access to an exclusive trading community with expert insights, strategies, and signals. This collaborative environment allows traders to share knowledge, identify opportunities, and refine their trading approaches together.

The project also features a staking mechanism offering an annual percentage yield (APY) of up to 26%. With over 30 billion tokens already staked, this mechanism highlights growing confidence in the project’s long-term potential.

Wall Street Pepe’s distinctive approach has captured the attention of analysts and influencers. Popular YouTuber ClayBro recently praised the project as one of the standout presales of 2025, citing its ability to resonate with traders and attract interest in the competitive meme coin sector.

Drawing comparisons to the success of Pepe Unchained ($PEPU), which raised $73 million last year, $WEPE is gaining momentum as it nears its anticipated tier-1 exchange debut.

With its impressive presale results, community-focused initiatives, and commitment to supporting retail traders, Wall Street Pepe is solidifying its position as a competitive and useful project in the cryptocurrency market.

The presale is still ongoing, providing an opportunity to secure tokens before the next price increase.

Visit Wall Street Pepe Presale

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