#Xrp🔥🔥
December 28 Coinpedia in-depth analysis
Ripple's XRP is brewing new trends. Although the current price is hovering at $2.17, down 2%, it suggests a calm before a big move. Market consolidation is not a weakness, but a short break in the rising channel, indicating that a stronger trend is brewing.
Upward potential remains
Despite short-term fluctuations, XRP's long-term uptrend remains unchanged. The current pullback is more like a short break than a prelude to a decline. Once the uptrend resumes, the historical peak of $3.25 to $3.30 and the Fibonacci key level may become new targets.
2021 highs hold, optimistic outlook
XRP holds the 2021 high of $1.96, which is a clear signal of market strength. If this level is not broken, the rise will be worry-free and XRP's positive trend will continue.
Short-term triangle puzzle
In the short term, XRP is trapped in a triangle consolidation, with an unclear direction, but it is fragile and changeable. The forces of bearishness and bullishness are intertwined, and a breakthrough is possible at any time, either downward or upward.
The key position determines the outcome
Traders need to keep a close eye on the key support of $1.95 in the triangle. If this position is maintained, consolidation will continue; once it is lost, the risk of a correction will increase, and the support below may retreat to the range of $1.80 to $1.39.
