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XRP Market Outlook: Price Prediction and Technical Analysis for December 15

Published by
Anjali Belgaumkar

Ripple’s XRP is currently down by more than two percent and is trading at the $2.41 levels. The altcoin is down by more than seven percent in the last seven days. XRP is still technically within a larger bull market, with no confirmed lower highs or lows on the weekly time frame. Over the last couple of weeks, XRP has experienced a short-term bearish trend within the larger bullish market. 

Price Prediction

Currently, XRP is testing the support levels between $2.33 and $2.40. There is potential for a short-term bounce from this range, but if the price fails to hold above these levels, it may drop to the next support area between $2.00 and $2.23.

If XRP manages to hold above $2.40, a break above the $2.62 level could trigger a rally toward $3.00 and possibly test the all-time highs near $3.25.

Support and Resistance Levels

The main resistance zone is between $2.90 and $3.00, which is the level to watch for potential price rejection. On the downside, the first key support lies between $2.33 and $2.40. If XRP drops below this level, the next support is between $2.00 and $2.23.

The upper boundary of the trend channel is also acting as support. A break above this level could lead to a more aggressive breakout, but it will depend on how the price moves in the coming days.

Analyst Weighs In

According to analyst Josh of Crypto World, if XRP closes below $2.40, especially under $2.29, it could signal a drop toward support levels around $1.90. Strong support is found around $2, where previous resistance is now acting as new support. If XRP maintains this support, it could continue its upward movement. He said that XRP is showing possible signs of a reversal but lacks sufficient confirmation for a solid bullish breakout. 

Anjali Belgaumkar

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 “Enthusiast” but trust me I'm getting there.

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