XRP Price Prediction For December 22
As of this writing, Ripple’s XRP is down over 6%, trading at $2.22. The price of XRP is at a crossroads and has lost most of its gains over the past seven days. The top 10 coins all suffered losses, with Solana and Dogecoin posting double-digit losses.
Analysts Speculate XRP Following a strong rebound earlier this month, it may be in the midst of a larger correction. Prices may be going through a consolidation phase, which may be part of a larger corrective pattern or part of a broader sideways move.
Potential scenarios, key resistance and support levels
resistance zone
Immediate resistance for XRP lies between $2.30 and $2.53. If the price reaches this range, it could face selling pressure and potentially reverse the downward trend. Traders should remain cautious if the price approaches this area.
critical support levels
The key support level to watch is $1.96, which is the low formed in early December. If XRP falls below this level, it could trigger further selling, which could push the price down to the range between $1.39 and $1.80.
consolidation stage
XRP may be in a consolidation phase, with the price moving sideways within a specified range. This could be a correction after the recent rally. If XRP holds above $1.96, it may eventually break higher and potentially test the resistance zone between $2.30 and $2.53.
Downside risks
If XRP falls below the $1.96 support, it could enter a deeper correction. In this case, the price is likely to move towards the lower support area between $1.39 and $1.80. This is a key level to monitor for any potential reversal.
