What will the XRP price be on December 19?
The price of XRP is currently hovering around strong support at $2 and resistance between $2.9 and $3. The $3 barrier has been difficult for XRP to surpass, although it occasionally dips back a bit, the overall upward momentum remains. Right now, XRP seems to be moving sideways, stabilizing within this range.
Speaking of the key Fibonacci levels, it has been reached, but it may need a slight dip before rising. However, don't worry, the overall trend is still upward, starting from that low point of $1.9 in 2020, this upward momentum may continue.
Crypto World analyst Josh mentioned that XRP recently broke through a bullish flag pattern, indicating a short-term rise. Even if there is a pullback, the price is still higher than when it broke out, suggesting that those who entered the market have made some gains. This breakout has a target price of about $3.8, nearly half higher than now.
Of course, resistance levels still need attention. If XRP touches the $2.9 to $3 range, moving up will be challenging. So, while it looks bullish, one must also consider comprehensively.
In the short term, XRP has rebounded from the support level of around $2.5. If it falls below this level, the next support is around $2.38. If $2.38 cannot hold, then the current bullish momentum may have to say goodbye. At the time of writing this article, the price of XRP was $2.36. The short-term resistance levels are at $2.7, $2.78, and $2.85. If XRP breaks through these, it may encounter more resistance at $2.9 to $3.
Overall, XRP is still lingering in this price range, with no major movements. The price may need to consolidate a bit before rising again, so let's wait for the market to stabilize, especially since the Federal Reserve just made a decision recently.
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