On December 4, Ripple's XRP fell over 5%, with a price of approximately $2.56, having previously surged to a high of $2.82 before retreating.
Yesterday, it broke through a key resistance level, surpassing $2 and $2.5 in succession.
Currently, the $2.75 to $3 range is in focus, with $3 being a crucial resistance level on the chart. If XRP breaks through this level, the next target is the historical high of $3.3. Given the current trend, the likelihood of a breakout is increasing.
In the short term, if the price corrects, key support levels will come into play. When the price declines, it will receive strong support at the previously resistant $2.5 level, and XRP often experiences a rise after brief corrections. Crypto World analyst Josh stated that if the price continues to fall, $2 may also become strong support, which presents a good buying opportunity for those looking to enter or increase their positions.
In the long term, the upward trend of XRP remains unchanged, bringing it closer to breaking the historical high. Short-term corrections and fluctuations are normal in a bull market, and there is no need to worry about these movements.
The overall situation for XRP is positive, with new historical highs within reach. Even with small corrections or short-term adjustments, the long-term outlook remains optimistic.
