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XRP Price Prediction For December 16

Published by
Anjali Belgaumkar

Ripple’s XRP is currently trading slightly above the $2.40 levels and has slipped into the green zone.XRP is maintaining its position above the upper boundary of the trend channel and recently there has been increased volatility in the crypto market, raising hopes for a possible further move upward.

The price has experienced a shallow pullback since the local top, and this could be forming a sideways triangle pattern, suggesting market indecision. The pattern is narrowing, and a breakout decision is expected soon.

Key Support and Resistance Levels

Support Levels: The key support lies around $2.28 (the internal low of the triangle). A break below this would likely lead to a test of the lower support range between $2 and $2.23.

Resistance Levels: The primary resistance lies at $2.53. A break above this could signal the start of a move toward $2.64 to $2.76.

Bullish Outlook

If the price breaks above $2.53, this would suggest that the C-wave has started, potentially leading to further gains. The target resistance areas are around $2.64 and $2.76. However, a drop below $2.28 could signal a deeper correction.

Bearish Scenario

A break below the red line at $2.28 would invalidate the bullish triangle breakout scenario. In that case, XRP could revisit the lower support levels between $2 and $2.23.

XRP price fluctuation heats up amid Ripple vs SEC drama! Read our long-term XRP price prediction to see what’s next for Ripple’s token!

Analyst Weighs In

According to analyst Josh of Crypto World, XRP had a bullish breakout from a flag pattern, and it’s now retesting the previous resistance, which has flipped to support. If XRP holds above $2.37, the bullish flag pattern targets a price around $3.79, offering a potential 50-60% upside. This target would only be invalidated if the price drops below $2.37, especially if it breaks below $2.28.

FAQs

How much will XRP be worth by the end of 2025?

XRP might reach a high of $3.99 or an average of $3.07.

Will XRP reach $5 or $10 in the future?

XRP has the potential to hit $5–$10 long-term, likely during the third or fifth wave of its larger upward cycle.

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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