XRP Price Prediction: It may drop to $1.96 on December 24, 2024
Today, XRP dropped -11.37% against the USD, XRP/BTC dropped -6.55%, and XRP/ETH also dropped -5.08%. The current price of XRP is $2.26, but we expect it to drop to $1.96 by December 24, 2024, a decline of about -15.99%.
Although XRP has increased by 100.77% in the last month and 273.50% over the year, it is bearish in the short term. In the next five days, the price of XRP may decrease.
XRP is currently 15.71% higher than our predicted price, market sentiment is neutral, and the fear and greed index is 81 (extreme greed). Key support levels are at $2.20, $2.09, and $1.89, while resistance levels are at $2.50, $2.70, and $2.81.
In the past 30 days, XRP has increased by 100.77%, 286.85% over three months, and an annual change rate of 273.50%. However, the historical highest price is $3.92, and the volatility is quite large now, with a one-month volatility of 25.86%.
Technically, the market sentiment for XRP is neutral, with several indicators bullish and several bearish, overall neutral. The fear and greed index shows that investors are optimistic, but it may also indicate that the market is overvalued.
Looking at technical indicators, such as RSI and SMA, they all show that XRP is currently in a neutral or bearish state. For example, the 50-day simple moving average (SMA 50) and the 200-day simple moving average (SMA 200) both indicate a bearish market.
In summary, the current price prediction for XRP is neutral, and it must drop -15.99% in the next five days to reach our predicted price. Friends who want to invest in XRP should pay more attention to market sentiment, support and resistance levels, and other indicators. But don't forget, the cryptocurrency market is highly volatile, invest with caution!
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