XRP Price Prediction For December 26
Currently, XRP is trading in a range as the market is calmer during the holidays. Prices are yet to see any major breakthroughs. The key question now is whether XRP will see a price surge after the holidays. At the time of writing, XRP is down more than 2% and is trading at $2.25.
Potential Triangle Pattern Development
Currently, XRP may be forming a triangle pattern, This often signals a period of consolidation before a breakout. It’s worth noting, however, that triangles aren’t always reliable, and the pattern doesn’t seem to be fully formed yet. Caution is necessary as the pattern may evolve into something different and it may be some time before a clear breakout occurs.
The price of XRP can go in two directions:
Upward Breakout Scenario: An upward breakout is still possible, but at this stage, the triangle does not appear to be fully formed. If the correction is to complete, it may take more time, either through a sustained D wave in the triangle or through a downward move.
If the market holds above recent support around $1.94-$1.95, XRP is likely to move higher with a target of $2.59, which would be an important milestone in the pattern.
Downside Risk: If XRP fails to break higher and instead falls below the $1.94 to $1.95 support, the price could drop to lower support. Key downside levels to watch include $1.80, $1.63, and $1.53. The $1.40 area is particularly important as it coincides with a common retracement target during the correction phase.
in conclusion:
XRP’s price action is at a critical juncture. While a breakout is still possible, the triangle pattern is not yet fully complete, and there are several potential correction scenarios to consider.
