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  • ๏ปฟAnjali Belgaumkar
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    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 โ€œEnthusiastโ€ but trust me I'm getting there.

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XRP Price Prediction For December 6

Story Highlights
  • XRP Consolidates After Rally: XRP trades below $2.30 but remains up 50% in the past week. Will it hold key support levels for future gains?

  • XRP Price Prediction: Despite a minor pullback, XRP could reach $3.20 to $4.20 in the coming months. Read our long-term XRP price prediction!

Rippleโ€™s XRP is currently trading below the $2.30 level and has slipped below into the red zone. However, the coin is up by more than 50 percent in the past week. XRP is currently consolidating at a high level above its 2021 bull market peak. Today, the price is moving sideways, which is typical after a rally. Even though XRP has dropped from its recent high, itโ€™s still relatively close to where the rally began.

Current Wave Structure

XRP is in a larger third wave of a bullish cycle. This move includes smaller subwaves, and we are actively tracking these. Right now, XRP might be in the fourth wave of this structure, but the overall rally is not over yet. While thereโ€™s potential for a deeper correction, the focus remains on higher prices.

Support and Resistance Levels

Thereโ€™s not enough data to confirm if a major correction is starting, but analysts are watching key support levels. The price may find support between $1.15 and $1.79 if it pulls back, but this is still speculative.

Market Action: Corrective or Bullish?

XRP seems to be in a corrective phase right now, which could mean sideways consolidation or a sharper pullback. Corrections often lead to indecision, so we might see small ups and downs without a clear trend.

Future Price Targets

If the price moves higher, the next targets are around $3.20 to $3.30 (previous highs) and possibly $4.20. However, the next big move depends on support levels holding up and whether the rally continues.

XRP surges past 2021 highs, fueling excitementโ€”read our long term XRP price prediction to see where this momentum could take the coin next!

Micro Support Areas

On the smaller time frame, support is located between $2.33 and $2.06, with additional support at $2.21. There has been no impulsive price reaction yet, so the market is still uncertain. Itโ€™s possible that XRPโ€™s price could form a triangle pattern, moving sideways for a while before a breakout.

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.

Did Ripple win the lawsuit?

Ripple (XRP) has secured regulatory clarity in the lawsuit driving a positive price action.ย ย 

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