On January 3, let's talk about the price trend of XRP
Today, Ripple's XRP has risen by more than 7%, and now it sells for $2.42 per coin! This price has been hovering around the $1.96 barrier, which is an old hurdle in 2021
Back in April and May, the price was stuck here, and it was not until early December last year that XRP crossed this barrier. Since then, it has stood firmly above this price. What does this mean? It means that XRP has become stronger and more stable! This is definitely good news for friends who hold XRP in their hands. After all, it means that the market has finally recovered from the ups and downs of those years.
In the future, XRP may be able to set new highs again! This is the fifth wave in the Elliott Wave Theory, indicating that the upward momentum may continue. Of course, no one dares to guarantee this, but we can look forward to it. Maybe XRP can really bring us a surprise in this cycle.
In the short term, XRP seems to be following a triangle route. This triangle is generally an ABCDE structure, and each wave in it either has higher lows or lower highs. If this pattern really works, XRP may have another push before completing the triangle.
To maintain this upward momentum, XRP must hold the low of December 20, which is $0.96. If it falls below this price, it may have to be careful, and it may start to fall. However, from a general perspective, XRP still has great potential.
Speaking of specific prices, XRP may rise again next, first touching the range of $2.42 to $2.45, and then trying higher prices of $2.54, $2.61, and $2.62. However, if XRP falls below $2.22, it may have to look for lower prices.
In short, let's wait and see what will happen to XRP next
Recently, I plan to ambush a potential coin that is ready to explode. It is still very easy to double it. At the same time, I am also preparing to find some potential coins to hold by the end of the year. It is expected that there will be no problem with more than 10 times the space. If you want to follow up, please like + leave a message and share it for free.
