XRP Price Prediction For December 29
Ripple’s XRP is currently in the green zone, with the price continuing to move within a triangle pattern, a formation that signals indecision in the market. It is difficult to predict whether this pattern will break out to the upside or to the downside, but this type of consolidation is often the precursor to a major move in either direction. Currently, prices remain within established ranges and the market is trying to determine its next move.
Sideways trading may feel boring, but it is healthy market behavior and allows prices to gather strength before moving higher. As long as XRP remains above key support levels, Especially at the $2.04 price level, the bullish trend remains intact. A breakout of this consolidation phase could see XRP test higher levels, with $3 being the potential next resistance level, or even a move to all-time highs.
Price levels worth watching
$2.04 support: This is a critical level for XRP. If the price remains above this level, the bullish outlook remains intact. A move below $2.04 would invalidate the short-term bullish outlook and open the door to a bearish reversal.
$3 resistance level: If prices move higher, $3 will be a significant resistance area. A successful break above this level could pave the way for XRP to reach new all-time highs.
Bearish scenario
If XRP falls below the $2.04 level, a bearish scenario becomes more likely. In this case, the price is likely to move lower, targeting the support area between $1.8 and $1.79. A sustained break below $2.04 would suggest the market is preparing for a larger correction, which could be followed by further declines.
As of this writing, XRP is trading at $2.17, up more than 1% in the past 24 hours.
