$XRP Price Prediction For December 19 - CoinPedia Analytics
XRP is currently trading within a defined range, supported around $2 and facing resistance between $2.90 and $3. This resistance zone has been a persistent hurdle for XRP, and while the asset hasn't yet broken its bullish trend, it is experiencing consolidation in this range.
Key Fibonacci levels have been reached, though a slight dip before further upward movement is still a possibility. Many believe XRP bottomed at $1.90 in 2020, setting the stage for the current upward trajectory.
XRP's recent bullish flag breakout suggests potential short-term gains, with a target of $3.80, indicating a 47-48% upside. Despite this optimistic outlook, short-term resistance remains significant around the $2.70-$2.85 levels, and the price struggles near the $2.90-$3 range.
The price is holding above support at $2.50, but should it dip below $2.38, the bullish trend could be invalidated. Traders need to monitor these key levels for clearer signals of where XRP's next move might take it.