CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2024-12-19 03:59:04

XRP Price Prediction For December 19

The post XRP Price Prediction For December 19 appeared first on Coinpedia Fintech News XRP’s price is currently trading between two key levels: strong support around $2 and resistance between $2.90 and $3. This $3 level has been a tough barrier for XRP, and the price hasn’t yet broken down the overall bullish trend, despite some short-term pullbacks. Right now, XRP is in a sideways consolidation phase, and it appears to be staying within this range for the time being. Key Fibonacci Levels The key Fibonacci levels have been met, but there could still be a small dip before any further upward movement. The price has maintained an overall bullish trend, with the possibility that the price bottomed around $1.90 in 2020, and we’re now seeing an upward movement that could continue. Bullish Flag Breakout According to analyst Josh of Crypto World, XRP recently broke out from a bullish flag pattern, signaling short-term upward movement. Even with a small pullback, the price is still above the breakout point, meaning those who entered the trade are still in profit. The price target for this breakout is around $3.80, which suggests a potential 47-48% increase from current levels. Resistance Levels to Watch However, resistance levels remain important. If XRP hits the $2.90-$3 range, it could struggle to move higher. Therefore, while the bullish target is in play, other factors need to be considered. Short-Term Support and Resistance XRP is bouncing from short-term support around $2.50. If it falls below this level, the next support is around $2.38. The analyst said that a drop below $2.38 would invalidate the current bullish outlook. It is important to note that at the time of writing, XRP is trading at $2.36 level. Short-term resistance to watch includes levels around $2.70, $2.78, and $2.85. If XRP breaks these levels, it could face more resistance near $2.90-$3. Conclusion Overall, XRP is still stuck in its current price range, with no clear breakout yet. The price is likely consolidating before making another move upward, but we should wait for the market to stabilize before making any conclusions, especially after the recent Fed decision.

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine