XRP Price Prediction For December 20
Ripple’s XRP has drifted into the red zone and is currently down more than 2%. XRP has been trading around $2.20 to $2.70 over the past few days, with limited movement on the longer timeframe. The altcoin has experienced a minor pullback recently, which invalidated the previous bullish breakout pattern.
While the price has not changed significantly, it remains within an underlying bull market structure. Strong resistance is around $2.90 to $3, where selling pressure has been ongoing. There is support near $2 at the lower end, which has been tested many times and is the lower limit of XRP’s current trading range. If the price falls below $2, it could hint at further declines.
Understand support and resistance levels
A breakout was confirmed around $2.35, but the price closed below that level, invalidating the pattern and suggesting further upward momentum is unlikely in the short term. The immediate support in the short term is around $2.30 to $2.31, which is currently on the defensive, but if it breaks through, the next support is around $2.23, which could lead to a further decline to the $2 level.
It is also likely to drop to $1.90. After reaching $1.90, the key question is whether XRP can maintain that level. If $1.90 is exceeded, the market will enter a bear phase and the bull trend will end. However, this hasn’t happened yet, so it’s too early to draw any conclusions. However, if XRP holds at $2.30, a rise to $2.60 is possible. If $2.60 is exceeded, we can consider $3 as the next target.
