XRP Set to Surge Beyond $5 in December

XRP is stabilizing following a 460% gain in four weeks that broke over $2.8 on December 3 for the first time since 2018. After the rise, investors grabbed gains, lowering XRP to $2.22 on December 5.

Interestingly, on-chain data reveals that XRP whales have taken advantage of this drop to stock up to avoid more price falls. The cryptocurrency is on course to break over $5 in three days, according to technical analysis of its price chart.


Technical research suggests the XRP price might reach $5 in three days amid whale activity and market consolidation. This rally depends on XRP breaching key retracement levels as in November.

A crypto analyst, made a solid argument for the altcoin's next price objective based on historical data. He posted on X about how XRP's range-based corrections commonly encounter resistance near the 0.5-0.618 Fibonacci retracement levels. Once these levels are broken, price rallies quickly toward the 4.236 Fibonacci extension.

After retracement resistance, XRP reached the 4.236 Fibonacci extension in three days on its previous breakthrough. Within three days and 17 hours, crypto exchange prices rose from $1.46 to $2.9.

On the price chart, XRP is again trading between the 0.5 to 0.618 Fibonacci retracement levels from the previous high of $2.9. If a similar scenario plays out, XRP should surge to $5.26 by December 11.

An XRP price break over its seven-day-old all-time high of $3.40 would be swift. Analyst CryptoinsightUK argues that higher market velocity might accelerate the projected shift.

Bullish mood is boosted by XRP whale behavior. Luckily, on-chain data showed whale accumulation throughout the price drop, with some investors buying the crypto in bulk. Santiment data shows that XRP addresses with 1 million to 10 million tokens have bought 120 million XRP worth $288 million since December 5.

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