December 23 XRP price movement?
On December 23, let's talk about the XRP price. The key point is, how is the XRP price doing now? It's consolidating, so we need to keep an eye on support and resistance levels to see if we can get a big breakout.
Right now, the XRP price is below $2.25, and on December 23, this price level needs attention. Can the D wave push it up?
Ripple's XRP is showing a bit of weakness, with a price lower than $2.25. Most of the top ten tokens are falling, and Bitcoin is no exception. As for XRP, it's still consolidating, after all, it's still in the adjustment period. Remember these price levels in the coming days.
Where is the key support? Between $2.24 and $2.21, but be careful, this support is a bit weak and might break. There’s also an important price level at $1.94; as long as XRP doesn’t drop below this number, the consolidation can continue. But if it drops, then we’ll have to look for lower price levels.
What if it drops further? Between $1.85 and $1.12, if the consolidation breaks, there might be quite a few buyers ready to step in here.
How to look at the resistance level? On the bright side, XRP is close to the resistance level at $2.72. This price level is crucial; if it surpasses this hurdle, XRP might just return to previous highs. If it can hold on and push a bit more, this resistance level could become the target.
Also, XRP donated $5 million in XRP to Trump’s inauguration fund; those interested can check the news.
Speaking of patterns, XRP might currently be forming a triangular D wave, having gone through A, B, and C waves, and the D wave is forming now, with an E wave to follow, which should be a higher low. If the triangle really forms, once the E wave completes, XRP might just break through, and the price could go up.
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