XRP Price Prediction: Could Drop to $1.96 on December 24, 2024
Today, XRP dropped by -11.37% against the US Dollar, XRP/BTC dropped by -6.55%, and XRP/ETH also fell by -5.08%. The current price of XRP is $2.26, but we expect it to drop to $1.96 by December 24, 2024, a decrease of approximately -15.99%.
Although XRP has increased by 100.77% in the last month and 273.50% over the year, it looks bearish in the short term. In the next five days, the price of XRP may decline.
XRP is currently 15.71% higher than our predicted price, market sentiment is neutral, and the Fear and Greed Index is at 81 (extreme greed). Key support levels are at $2.20, $2.09, and $1.89, while resistance levels are at $2.50, $2.70, and $2.81.
In the past 30 days, XRP has risen by 100.77%, 286.85% over three months, and 273.50% over the year. However, the historical high was $3.92, and there is considerable volatility now with a one-month volatility rate of 25.86%.
Technically, the market sentiment for XRP is neutral, with several indicators bullish and several bearish, overall neutral. The Fear and Greed Index indicates that investors are optimistic, but it could also mean the market is overvalued.
Looking at technical indicators, such as RSI and SMA, they all show that XRP is currently in a neutral or bearish state. For instance, both the 50-day simple moving average (SMA 50) and the 200-day simple moving average (SMA 200) indicate a bearish market.
Overall, the XRP price prediction is currently neutral, and it must drop -15.99% in the next five days to reach our predicted price. Friends looking to invest in XRP should pay close attention to market sentiment, support and resistance levels, and other indicators. But don't forget, the cryptocurrency market is highly volatile, so invest cautiously!
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