$XRP Price Prediction for December 28
Ripple’s XRP is currently experiencing a phase of consolidation on the higher time frames, with no significant price correction observed. Instead, the market is trading sideways, suggesting a consolidation phase within a broader uptrend. As of now, XRP has dropped over 2% and is trading at $2.17.
Despite this consolidation, the overall trend remains bullish. The current price movement appears to be a temporary pullback rather than the start of a downtrend. If the upward momentum resumes, XRP could target its all-time high near $3.25–$3.30, which aligns with a key Fibonacci resistance level.
Holding Above the 2021 High
One notable aspect is XRP’s ability to maintain levels above its 2021 high of $1.96. This is a strong indication of market strength. Holding above this level is critical for sustaining the bullish momentum. As long as XRP remains above $1.96, the outlook is positive.
Short-Term Market Behavior: Triangle Formation
In the short term, XRP is forming a triangle pattern, which often precedes a breakout in either direction. However, triangle patterns can be unpredictable and may result in fragile price movements. While there is a risk of short-term bearish action, an upside breakout remains possible.
Key Levels for Risk Management
Traders should closely monitor the triangle's support and resistance levels. The $1.95 support level is crucial for maintaining the pattern. A break below this level could lead to bearish price action and invalidate the triangle setup.
If XRP stays above $1.95, the consolidation is likely to continue, and the price may eventually break to the upside. Conversely, a drop below this support could trigger a more significant pullback, with the next support zones near $1.80 and $1.39.
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