Latest, check out the XRP price prediction for December 22

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Ripple's XRP has fallen over 6%, trading at $2.22 at the time of writing. The price of XRP is at a crossroads, with most of the gains of the past week having disappeared. All top 10 tokens are in a loss state, with Solana and Dogecoin seeing double-digit declines.

Analysts speculate that after a strong rebound earlier this month, XRP may be undergoing a larger-scale adjustment. The price may be experiencing a consolidation phase, which could be part of a larger adjustment pattern or a longer sideways trend.

Potential Scenarios, Key Resistance Levels, and Support Levels

Resistance Zone

XRP's immediate resistance level is between $2.30 and $2.53. If the price reaches this range, it may face selling pressure and could reverse downward. Traders should proceed with caution if the price approaches this area.

Key Support Level

The key support level to watch is $1.96, where a previous low was formed in early December. If XRP falls below this level, it could trigger further selling, potentially pushing the price down to a range between $1.39 and $1.80.

Consolidation Phase

XRP may be in a consolidation phase, with the price oscillating within a certain range. This could be an adjustment following the recent rebound. If XRP holds above $1.96, it may eventually break higher, potentially testing the resistance zone between $2.30 and $2.53.

Downside Risk

If XRP breaks below the $1.96 support level, it may enter a deeper correction phase. In this case, the price may fall towards the lower support area between $1.39 and $1.80. This is a key level to monitor for any potential reversal.

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