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XRP Price Prediction For December 23

Published by
Anjali Belgaumkar

Ripple’s XRP is currently trading in red and is trading below the $2.25 mark. Majority of the top 10 coins are trading in red, including Bitcoin. XRP continues to trade sideways as it remains in a consolidation phase. This range-bound movement is expected to exist as the market works through a correction. Here’s an update on the important price levels to monitor for XRP in the coming days.

Key Support Levels

XRP is currently facing support between $2.24 and $2.21. This range is based on Fibonacci retracement levels, but it is important to note that this support is relatively weak and could potentially be broken. The critical level to watch is the $1.94 swing low. As long as XRP stays above this level, the consolidation phase remains intact. However, if the price falls below $1.94, it could signal a shift toward lower support levels.

Potential Lower Support Zone

If XRP fails to hold above the $1.94 level, the next key support zone lies between $1.85 and $1.12. This could be the area where XRP finds strong buying interest if the current consolidation breaks down.

Key Resistance Levels

On the upside, XRP is approaching resistance near the $2.72 level. This price point is crucial because if XRP breaks above it, it could signal a potential rally toward previous highs. If XRP continues to hold its ground and eventually breaks out to the upside, this resistance level could be a significant target.

Triangle Formation: Key Phases

Currently, XRP may be in the D-wave of the triangle formation. This follows the previous A, B, and C waves, with the D-wave potentially developing now, followed by an E-wave, which should form a higher low. If the triangle is valid, XRP could breakout upward once the E-wave concludes, signaling a potential price rise.

FAQs

What price will XRP reach in 2025?

XRP’s price in 2025 could vary depending on market trends, but it may range from $5 to $10 if adoption grows and regulatory clarity improves.

Could XRP reach $20?

Reaching $20 is possible, but it would require significant market growth, regulatory advancements, and widespread adoption, making it unlikely in the short term.

How much will 1 XRP be worth in 2030?

In 2030, XRP could potentially reach $25 or more, depending on widespread blockchain adoption and favorable crypto regulations.

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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