#币安Alpha
Is XRP price about to explode? RLUSD will be launched on December 17 to ignite market passion!
Today, December 17, Ripple's highly anticipated RLUSD is about to go online, which makes everyone look forward to XRP's price changes. Analysts say that XRP's third wave on the daily chart has reached the second half. This wave is still ongoing and may make another push to push XRP to a new historical high. Although the end of the third wave is not yet certain, XRP still has room to rise before the fourth wave of adjustment begins. Analysts estimate that this last wave of momentum may bring the price of XRP to between $5 and $9.81.
At the time of writing this article, the price of XRP is a little below $2.5, up more than 2% in the past 24 hours. Now, the price of XRP is hovering between its 2021 high and its all-time high. This key area is a big deal that determines how XRP will move next. If XRP can hold at this price, it is likely to break through the all-time high, but it is just a guess now.
Short-term price trend and key support level
Looking at XRP's recent price trend, it has fallen three times from the high on December 3, and then there was a wave B rebound. Then there was another wave C adjustment, which brought XRP back to the high point of 2021, and this point has been firmly supported. This successful backtest has made the short-term bullish sentiment stronger. In addition, the recent breakout from the adjustment price channel is also a good sign, but XRP will have to rush again to confirm this breakthrough. If XRP still follows the previous wave trend, the first target of this breakthrough is about $2.9, which is near the starting point of the adjustment channel.
Pullbacks to watch out for
Although the bullish atmosphere is strong, XRP may also pull back in the short term. If it falls below the support level of $2.33 and then drops below $2.28, then you may have to be careful, as the price may fall to the support range of $2 to $2.23.
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