XRP Price Prediction For December 11
Ripple’s XRP is currently up over 5% and trading near $2.30. Currently, XRP is hovering between the $2 support and $3 resistance, trending bearishly ahead of a breakout
Crypto World analyst Josh said that XRP may be forming a “bull flag” pattern, which usually indicates that the price may rise. To confirm this pattern and see the price increase, XRP needs to break above the resistance around $2.53 to $2.54. If it can break above this and ideally the $2.62 level, we may see a more bullish trend in the short term.
Price targets and potential earnings
If XRP breaks this resistance, the next price target could be around $5, which would be a 100% gain from the breakout point. However, in the short term, XRP is facing some bearish pressure and the price has fallen slightly. Until a breakout occurs, it’s difficult to count on a move higher. However, if a breakout occurs, the outlook could quickly turn bullish.
XRP vs. Bitcoin: Reaching a local top
Looking at the XRP/BTC chart, XRP has reached a key resistance level for Bitcoin. As expected, XRP is currently facing strong rejection. This suggests that XRP may not outperform Bitcoin by much in the short term, as Bitcoin is likely to lead the price action.
How XRP will perform in the coming weeks
While XRP may still rise in value against the US dollar, it is unlikely to perform much better than Bitcoin in the coming weeks. Bitcoin may lead, while XRP may not perform at the same level as it has over the past month. However, if the overall cryptocurrency market enters a bull run, XRP may eventually break out of resistance and perform better in the long term.
