XRP Price Prediction For December 28
Ripple’s XRP is currently consolidating within the larger time frame without major price corrections. Instead, the market is moving sideways, suggesting that the overall uptrend is about to enter a consolidation phase. At the time of writing, XRP is down more than 2%, trading at $2.17.
The upward trend is still in play
Although integration is currently underway, The overall trend for XRP remains bullish. The price action looks like a temporary pullback rather than the beginning of a downtrend. If the price continues to rise, it could challenge all-time highs around $3.25 to $3.30, which is also in line with key Fibonacci levels.
Holding above 2021 highs
A key point to note is that XRP remains above its 2021 high of $1.96. This is a strong signal of market strength. Sustaining this level is critical for XRP’s continued positive momentum, and as long as the price remains above this level, the market outlook remains favorable.
Short-Term Market Behavior: Triangle Formation
On the shorter timeframe, XRP is currently forming a triangle pattern. While triangle patterns can lead to breakouts in either direction, they are fragile and tend to be unreliable. Therefore, there is a short-term bearish possibility, but a price breakout to the upside is also possible.
Key levels of risk management
It is important for traders to monitor key support and resistance levels within this triangle. Price must remain above the $1.95 support to sustain the triangle pattern. If this falls below, the likelihood of a bearish move increases and the triangle scenario may become invalid.
The $1.95 level is a key support for XRP and if the price remains above this level, the consolidation pattern is likely to continue. However, if the price falls below this level, we may see a deeper pullback, with the next support area around $1.80 to $1.39.
