XRP Price Prediction For December 6
Ripple’s XRP is currently trading below $2.30 and has fallen into the red zone. However, the coin has gained over 50% in the past week. XRP is currently consolidating at highs above the 2021 bull market peak. Today, prices are trading sideways, which is typical after a rally. Although XRP has retreated from its recent highs, it is still relatively close to where the rally began.
Current wave structure
XRP is in the third, bigger wave of a bullish cyclee. This initiative includes smaller wavelets, which we are actively tracking. Currently, XRP may be in the fourth wave of this structure, but the overall rise is not over yet. While a deeper correction is possible, the focus remains on higher prices.
support and resistance levels
There isn’t enough data to confirm whether a major correction is beginning, but analysts are keeping an eye on key support levels. If the price pulls back, support may be found between $1.15 and $1.79, but this remains speculative.
Market Action: Correction or Bullish?
XRP currently appears to be in a correction phase, which could mean sideways consolidation or a larger pullback. Corrections often lead to indecision, so we may see small ups and downs but no clear trend.
future price target
If the price moves higher, the next target is around $3.20 to $3.30 (previous high) and possibly even $4.20. However, the next big move depends on whether support levels hold and the rally continues.
micro support areas
On the smaller time frame, support lies between $2.33 and $2.06, with additional support at $2.21. There is no impulsive price reaction yet, so uncertainty remains in the market. The price of XRP may form a triangle pattern, moving sideways for a while before breaking out.
