XRP Price Prediction for December 28

Originally published on Coinpedia Fintech News

Ripple’s XRP is in a consolidation phase, with no significant price corrections in sight. The market is moving sideways, hinting at a pause before potentially continuing its upward trend. At the time of writing, XRP is trading at $2.17, down just over 2%.

The Bigger Picture: Bullish Trend Holds

Despite the current stagnation, XRP’s overall trend remains optimistic. The recent price dip looks more like a healthy pause rather than the start of a decline. If the momentum picks up again, XRP could push toward its all-time high of $3.25–$3.30, a level that also lines up with an important Fibonacci marker.

Why $1.96 Matters

XRP is holding above its 2021 high of $1.96, which is a good sign of strength in the market. Staying above this level is crucial for maintaining its positive momentum. As long as XRP doesn’t dip below this point, the outlook remains favorable for bulls.

Short-Term Patterns: What to Watch

On a smaller time scale, XRP seems to be forming a triangle pattern. These patterns can go either way, leading to a breakout or a breakdown. While this adds some uncertainty in the short term, it’s not a sign of a major shift just yet.

Key Levels to Keep in Mind

For traders, $1.95 is a critical support level to watch. If XRP stays above this, it’s likely to continue consolidating before making its next move. However, if the price falls below $1.95, the market could see a larger pullback, with the next support zones at $1.80 and $1.39.

In summary, XRP still has room to grow, but it’s in a waiting game for now. Keeping an eye on key levels and being prepared for short-term volatility will be essential for navigating the current market.