🚀🚀🚀 $XRP on December 11: Price Targets and Predictions
Ripple’s XRP: Breakout in Sight?
- XRP is trading around $2.33, up over 5%, but remains range-bound between $2 support and $3 resistance. Analysts suggest the token is in a bearish trend until a decisive breakout occurs.
Bull Flag Formation
- Josh, an analyst at Crypto World, highlights a potential bull flag pattern, a bullish indicator. For confirmation, XRP needs to break above the $2.53–$2.54 resistance range and ideally surpass $2.62. Clearing these levels could shift the trend to bullish in the short term.
Price Target and Outlook
- A breakout above resistance could set the next target at $5, representing a 100% gain from the breakout point. However, XRP currently faces bearish pressure, and upward momentum is unlikely until a breakout occurs.
XRP vs. Bitcoin
- On the XRP/BTC chart, XRP hit key resistance and faced rejection, indicating it may underperform Bitcoin in the short term. Bitcoin’s strong price action is expected to dominate market movements in the coming weeks.
Performance Expectations
- XRP may still gain against the US dollar but is unlikely to outperform Bitcoin soon. If the broader #CryptoMarket enters a bull run, XRP could eventually break resistance and see stronger performance over the longer term.
