$XRP XRP's recent price movements have shown significant activity, with both bullish and bearish implications. After reaching a high of $2.90 earlier in December, XRP has pulled back to around $2.31 as of now, indicating a phase of consolidation. This correction aligns with broader market profit-taking and declining trading volumes.
Technically, XRP appears to be forming a bullish flag pattern, suggesting potential for upward momentum if a breakout occurs. Near-term targets include $3 to $3.50, supported by its adoption in cross-border payments and the launch of Ripple's USD-backed stablecoin, which enhances utility and liquidity. However, caution is advised, as negative funding rates in derivatives markets hint at rising bearish sentiment.
Key levels to watch include support zones around $1.90 to $1.41 and resistance near $3. Investors are encouraged to monitor market trends and demand-inducing events, as extreme volatility is likely. must research before investment
