#加密市场盘整
XRP Price Surge! Can it Achieve Glory Again on December 18?
The article on "XRP Price Prediction for December 18" was first published on Coinpedia Financial Technology News.
After the highly anticipated launch of the RLUSD stablecoin, Ripple's XRP surged to over $2.71 on December 17. However, after reaching $2.71, XRP began to retreat and is currently trading around $2.55. XRP has strong support around $2.40, and the market trend is currently good, possibly leading to a slight increase.
A minor support zone has formed between $2.55 and $2.62, although there are currently no expectations for an immediate test of this zone. The third wave is still unfolding and has reached a 100% extension. The ideal target price for this wave is around $2.81, but the support level should ideally remain above the current level. If it falls below this price, it may be considered a deeper correction, but it still remains within a slight structural range.
The third wave is expected to continue rising, followed by the fourth and fifth waves, which may push XRP to retest its historical high. However, the current structure is relatively weak; although the price movement is not as rapid as previous increases, the support level remains solid.
Is a breakout above $3.80 expected?
According to analyst Josh from Crypto World, XRP has solid support around $2, and the previous resistance level has now turned into a support level. XRP has not seen significant changes recently, but in the short term, the price is continuing to rise from a bullish flag formation.
This breakout began a few days ago, and now we see a stronger upward momentum. XRP recently set a new high, confirming this breakout. This is a positive price structure, forming higher highs and higher lows.
The target price for this bullish flag breakout is approximately $3.80, indicating a 40% to 60% potential rise from the breakout point. Since the breakout has been confirmed, this target price remains valid, and the previous resistance level has now turned into a support level.
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