XRP Price Prediction For December 18
Ripple’s XRP rose above $2.71 on December 17 following the long-awaited launch of its RLUSD stablecoin. However, XRP reversed course after hitting $2.71 and is currently trading at $2.55. XRP has strong support near $2.40 and the market is currently moving in the right direction, with a slight increase possible.
Micro support area established Between $2.55 and $2.62, although an immediate test of this level is not currently expected. The third wave is still unfolding and has reached 100% expansion. The ideal target for the third wave is around $2.81, but support should ideally remain above current levels. Anything below this would be considered a deeper pullback, but still within the confines of the microstructure.
Wave 3 is expected to continue higher, followed by waves 4 and 5, which could push XRP to retest its all-time highs. However, the current structure is fragile, and while price action is not as impulsive as previous rallies, support remains strong.
Credit card hits $3.80?
Crypto World analyst Josh said that XRP has solid support around $2, and the previous resistance level has now become support. XRP has not seen major changes recently, but in the short term, the price is continuing a bullish breakout from a bull flag pattern.
This breakout started a few days ago and now we are seeing stronger bullish momentum. XRP recently hit new highs, confirming the breakout. This is a positive price structure forming higher highs and higher lows.
The price target for this bullish flag breakout is around $3.80, which implies a potential upside of 40% to 60% from the breakout point. Since the breakout was confirmed, this target remains active, with the previous resistance now acting as support.
