Look!!! Latest!!! December 28 XRP Price Prediction
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XRP is currently in a consolidation phase for a relatively long period, with no significant price fluctuations at the moment. Although at the time of writing, XRP has dropped over 2%, trading at $2.17, the overall trend remains bullish.
The upward trend remains unchanged, historical highs are still expected
Despite a price correction in the short term, the long-term trend for XRP remains bullish. If the upward momentum continues, XRP may challenge its historical highs of $3.25 to $3.30 again, a level consistent with key Fibonacci retracement levels.
Key support level: Stay above $1.96
Keeping XRP above the 2021 high of $1.96 is crucial for market strength. As long as the price remains above this level, XRP's upward momentum is assured, and market prospects remain optimistic.
Short-term triangle pattern: High likelihood of a breakout
In the short term, XRP is forming a triangular price pattern. Although this pattern may lead to a price breakout, it is relatively weak, and the direction remains uncertain. If the price breaks below the $1.95 support level, bearish sentiment may increase.
Risk management: Focus on key support levels
For investors, monitoring the $1.95 support level is very important. If XRP drops below this level, it may face a larger correction, with support levels in the $1.80 to $1.39 range. If it remains above $1.95, the consolidation pattern may persist, and the market still has a chance to break upwards.
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