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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 18, 2024 03:26 UTC
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XRP Price Prediction For December 18
XRP hits $2.71 after RLUSD stablecoin launch, with strong support at $2.40. Bullish breakout suggests potential rise to $3.80.
XRP's third wave targets $2.81, with bullish momentum and breakout confirming $3.80 price potential in the near term.
Rippleโs XRP rallied beyond $2.71 on December 17 after the launch of the much-awaited RLUSD stablecoin. However, XRP has hit reverse after touching $2.71 and is now trading at $2.55 level. XRP has strong support near the $2.40 levels and currently, the market is moving in the right direction and may rise slightly higher.ย
A micro support region has been established between $2.55 and $2.62, though there is no immediate expectation for this level to be tested. The third wave is still unfolding, with a 100% extension reached. The ideal target for this third wave is around $2.81, but support should ideally remain above the current levels. Anything below this would be considered a deeper pullback, but still within the range of micro structures.
The third wave is expected to extend higher, followed by waves 4 and 5, which could push XRP to retest its all-time high. However, the structure is currently fragile, and while the price movement is not as impulsive as previous rallies, support levels are holding firm.
Breakout to $3.80 on Cards?
According to analyst Josh of Crypto World, XRP has solid support around $2, where previous resistance is now acting as support. There havenโt been significant changes for XRP recently, but in the short term, the price is continuing its bullish breakout from a bull flag pattern.
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This breakout started a few days ago, and now we are seeing stronger bullish momentum. XRP has recently made new higher highs, confirming the breakout. This is a positive price structure, with higher highs and higher lows forming.
The price target for this bullish flag breakout is around $3.80, which represents a potential 40% to 60% move up from the breakout point. The target remains active since the breakout has been confirmed, and previous resistance is now acting as support.
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FAQs
Yes, XRP’s bullish breakout targets $3.80, representing a 40%-60% increase from current levels, confirmed by higher highs and higher lows.
XRP might reach a high of $3.99 or an average of $3.07.
At the time of writing, the price of 1 Ripple token was $2.50.
Yes 
No 
