XRP Price Prediction For December 13
Ripple’s XRP is currently down more than 3%, trading below $2.40. XRP rebounded from the $2 level, which remains strong support, while the $3 range acted as significant resistance.
The price remains firm between $2 and $2.24 and must hold this area to maintain the bullish scenario. These levels are also important to monitor for any potential breakouts or pullbacks.
Bullish path:
It’s still possible For a bullish move, the current uptrend could be the beginning of a larger wave. To confirm this, the price would need to break above the $2.76 resistance. If this happens, the price could rise to new all-time highs.
Alternative – Wave Correction:
Alternatively, the price may be in a correction phase (Wave 4) and a pullback may occur. If the price experiences a five-wave decline and breaks support, a larger correction could begin. However, this does not necessarily mean that the trend will turn bearish, as a correction could still result in higher prices.
- resist: Between US$2.46 and US$2.76
- support: Between US$2.24 and US$2.00
Next steps for XRP:
The price is currently moving sideways, being squeezed between support and resistance levels. If a pullback occurs, the support area between $2 and $2.24 could be an excellent buying opportunity. From there, we are likely to see a rebound and possibly a third wave of push higher in the longer-term scenario.
Analysts target $5
Crypto World analyst Josh said that XRP is forming a potential bullish flag pattern. To confirm this, the price would need to break the $2.48 resistance and ideally surpass the previous high of $2.62. If that happens, the price target could be above $5, with potential upside of over 100%.
If rejected, short-term support is at $2.24, with further support near the $2 mark and $1.95. While the short-term trend is slightly bearish, these are minor pullbacks within a larger bullish market.
