$XRP
Ripple’s highly anticipated RLUSD launch is scheduled for today, December 17, sparking expectations of a significant move in XRP’s price. Analysts suggest that XRP is currently in the advanced stages of a third wave cycle on the daily chart. This wave, which remains active, could potentially extend further and push XRP toward new all-time highs. While the conclusion of wave three is not yet confirmed, there’s still room for upward momentum before a corrective wave four begins. Analysts estimate a potential target for this final push could range between $5 and $9.81.

As of this writing, XRP trades slightly below the $2.50 mark, showing an increase of over 2% in the past 24 hours. Presently, XRP finds itself positioned between its 2021 high and its all-time high, a critical zone that holds the key to determining the asset’s next major move. If XRP sustains its current momentum above this level, the likelihood of breaking through its previous all-time high increases significantly, though it remains speculative at this point.

Short-Term Patterns and Key Support Zones
Analyzing XRP’s recent price structure reveals a three-wave decline from its swing high recorded on December 3, followed by a wave B recovery. A corrective wave C subsequently took XRP back to retest its 2021 high, which held firmly as a support level. This successful retest reinforces short-term bullish sentiment. Additionally, the recent breakout from the corrective price channel marks a positive indicator, though XRP has yet to confirm this move with a strong impulsive rally. Should XRP follow typical wave patterns, the initial target for this breakout aligns near $2.90, corresponding to the starting point of the corrective channel.

Potential Pullbacks to Watch
Despite its bullish undertone, XRP could face short-term corrections. A break below the $2.33 support level, followed by a move beneath $2.28, could signal further downside momentum, pushing prices toward the lower support range between $2.00 and $2.23. However, these dips may present fresh buying opportunities, setting the stage for a subsequent rebound and potential rally.

Overall, XRP’s price movement remains promising, with bullish signals suggesting continued upward potential. As the RLUSD launch unfolds, monitoring key support and resistance levels will be essential to determine the asset’s next trajectory.

Disclaimer: This content is for informational purposes only and should not be interpreted as financial or investment advice. Investors are encouraged to perform independent research and seek professional consultation before making any financial decisions.
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$XRP 's market performance has taken an intriguing turn, showcasing a sharp contrast between price action and on-chain data. While the token has surged impressively, climbing to approximately $2.63 with a daily gain of 5.62%, the on-chain metrics tell a different story, raising concerns about the sustainability of this rally. Technically, XRP has broken through a descending triangle resistance zone, signaling strong momentum and the possibility of a bullish breakout. However, fundamental indicators highlight underlying weaknesses that could hinder this upward trend.

One major red flag is the sharp decline in network activity since December 2, when payments peaked at nearly two million daily transactions. This figure has now plummeted to one million, signaling a significant reduction in transaction volume and utility. Likewise, XRP’s payment volume has experienced a similar downturn, dropping from an impressive three billion to less than one billion over a short period. Active accounts, which soared to over 100,000 during the late-November rally, have now fallen below 50,000, reflecting a steep drop in user engagement. This diminishing on-chain activity raises questions about whether the price surge is backed by genuine adoption or is merely a speculative move.

From a technical standpoint, XRP finds itself at a crossroads. The immediate support level at $2.10, which coincides with the 50-day EMA, provides a critical cushion against selling pressure. On the upside, breaking through the $2.85 resistance will be crucial to confirming the bullish momentum. However, without a recovery in on-chain fundamentals—such as transaction volume and active user participation—the price rally may lose steam, leading to a retracement toward lower support zones.

For investors, the current scenario underscores the importance of closely monitoring both technical levels and network activity. While the recent price movements are promising, the lack of strong on-chain support suggests that XRP’s recovery could face significant challenges. Sustainable growth will depend on a resurgence in utility and network engagement, making these metrics key indicators for the token's long-term prospect's
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