Forecast $XRP : Stay Afloat

At the time of writing, XRP is trading at $2.06, down just over 5% in the last 24 hours. The asset has been moving between support at $2 and resistance at $2.73 for a month now.

Ripple has seen similar consolidation episodes before. For example, the cryptocurrency previously moved in a fairly tight range for about three months before rising in November. This time, in theory, we can expect the same scenario to repeat itself.

If things really follow the already trodden path, then XRP may not reach $3 until the end of February 2025. On the contrary, at that time, any bearish signal will threaten the altcoin to fall to $1.28. In this scenario, investors will suffer significant losses.

However, a change in market sentiment could change the trajectory of XRP. If the token breaks the resistance at $2.73, it will likely be able to reach the $3 mark. This will invalidate the bearish scenario and will mark the beginning of a new bullish rally. Within this cycle, Ripple may even rise above the all-time high at $3.31. $CVX $CRV #XRPUSDT🚨 #BtcNewHolder