A Prediction on the Price of XRP for December 9

As seen in the hourly chart, the XRP rate is gaining momentum in preparation for an additional move. Since neither side is in the driver's seat, the most likely scenario is that the market continues to operate sideways within the limited range of $2.54 to $2.60.

In this scenario, it is quite unlikely that there will be sudden spikes in either direction in the near future. Market participants may anticipate a consolidation in the range of $2.4 to $2.7 over the next few days.

When considering the peak of the weekly candle, one must focus on the close of the candle. In the event that it occurs with a long wick, sellers may take the initiative locally, which could result in a drop to the $2 zone.