#bnb创历史新高
XRP price fluctuates! Can it break through $3 on December 4 and create new history?
Let’s talk about the key points first. Ripple’s XRP is now down more than 5%, and the price is around $2.56. The price hit a high of $2.82 before falling back. However, the price broke through several important resistance levels yesterday, first breaking $2 and then rushing to $2.5.
Now, everyone is paying attention to the range of $2.75 to $3. The price of $3 is particularly critical and is an important resistance level on the chart. Once XRP breaks through this price, the next target will be the historical high of $3.3. Looking at the current price trend, this possibility is increasing.
Short-term price trend
But if the price pulls back in the short term, key support levels will come into play. For example, if the price falls, this altcoin will be strongly supported at the previous resistance level of $2.5. XRP has been repeating this pattern of rising after a short pullback, which is quite similar to the past.
Josh, an analyst at Crypto World, said that if the price continues to fall, the $2 price level should also be watched, and it may also be a strong support level. These support levels are very important, and the price falling to these levels may be a good opportunity to buy. Those who want to enter the market or increase their positions can pay attention.
The overall situation
From a longer time frame, the upward trend has not changed, and we are getting closer and closer to breaking through the historical highs. Although short-term corrections and fluctuations are normal in a bull market, don't be scared by these trends.
The overall situation of XRP is still optimistic, and the new historical high is just around the corner. Therefore, even if there is a small correction or short-term adjustment, the long-term outlook is still optimistic.
