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coinpedia 2024-12-29 06:23:31

XRP Price Prediction For December 29

The post XRP Price Prediction For December 29 appeared first on Coinpedia Fintech News Ripple’s XRP is currently trading in the green zone as the price continues to move within a triangle pattern, a formation that signals indecision in the market. It’s difficult to predict if this pattern will break to the upside or downside, but this type of consolidation is often a precursor to a major move in either direction. Currently, the price is staying within a defined range, and the market is trying to determine its next move. Sideways action may feel boring, but it’s a healthy market behavior, allowing the price to gather strength before pushing higher. As long as XRP holds above key support levels, especially the $2.04 price level, the bullish trend remains intact. A breakout above this consolidation phase could send XRP to test higher levels, with $3 being a potential next resistance level, and even higher towards the all-time highs. Price Levels to Watch $2.04 Support : This is a critical level for XRP. If the price holds above this level, the bullish scenario remains intact. A drop below $2.04 would invalidate the short-term bullish outlook and open the door for a bearish reversal. $3 Resistance : If the price moves higher, $3 will be an important resistance zone. A successful breakout above this level could pave the way for XRP to reach its all-time high. Bearish Scenario If XRP breaks below the $2.04 level, the bearish scenario becomes more likely. In this case, the price could move lower, targeting the support zone between $1.8 and $1.79. A sustained drop below $2.04 would suggest that the market is preparing for a larger correction, and further downside could follow. At the time of writing, XRP is trading at $2.17 and is up by more than one percent in the last 24 hours.