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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Dec 21, 2024 02:11 UTC
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XRP Price Prediction For December 21
XRP Price Prediction: Bullish momentum persists as XRP holds above $2โkey levels to watch for short-term upside movement.
XRP price consolidates around $2โwill it break out or drop? Key price levels and Elliott Wave analysis for December 21.
Rippleโs XRP is up by more one percent and is trading at $2.28 level at the time of writing. After retesting levels below $2, the price is now maintaining bullish momentum. Bitcoin and other coins are also down right now, and some traders are taking advantage of the dip by buying more. The price of XRP has been consolidating around the $2 range, and this is where it could stay for a while, which is a good sign for holders. Overall, the market is seeing a lot of liquidations, with $680 million wiped out in the last 12 hours alone.ย
Short-Term Price Range and Potential Movements
Currently, XRP is trading between $1.96 and its all-time high of $3.30. The price remains squeezed within this range, and a potential upside movement could still emerge. A short-term bullish scenario could see one or two additional highs as part of a larger wave structure, similar to what is expected in other major cryptocurrencies, such as Bitcoin.
Possible Elliott Wave Count and Structure
There are two possible Elliott Wave counts on the XRP chart. The first suggests the top may already be in place, with the current price action forming a fourth wave triangle. If this count plays out, a final fifth wave could complete the current bullish cycle. The second wave count proposes that an additional 4-5% upside movement may occur before the cycle concludes. The focus remains on the current structure and its potential implications.
XRPโs price is on a rollercoaster ride curious about where itโs headed? Read our long-term XRP price prediction for the full outlook!
Validation and Invalidations: Key Price Levels
To keep the triangle scenario alive, XRP must stay above $1.90. If the price breaks below this level, it would invalidate the triangle count, suggesting a more direct ABC correction. This scenario would likely see XRP move lower before any potential recovery. For now, itโs important to remain flexible regarding the exact microstructure of the market.
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FAQs
XRP’s price in 2025 could range between $1.50 and $5, depending on market conditions and regulatory developments.
By 2030, XRP could potentially be valued between $10 and $30, assuming strong adoption and favorable market conditions.
In 30 years, XRP’s value could vary significantly, potentially ranging from $50 to $100 or more, depending on technological advancements and global crypto regulation.
Yes 
No 
