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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 14, 2024 04:43 UTC
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XRP Price Prediction For December 14
XRP Price Prediction for Dec 14: XRP eyeing breakout above $2.49. Could target $2.76 or higher if momentum continues upward.
Key support for XRP at $1.50โ$1.79. Watch for breakout or sideways correction. Long-term potential for $5โ$10 if trend holds.
Ripple’s XRP remains steady with little change on the chart. The market is still in the midst of a larger upward trend, potentially forming a third wave in an Elliott Wave structure. However, an internal correction seems to be occurring, which is not fully visible on the broader time frame. XRP is currently positioned between the all-time high and the 2021 breakout point.
At the time of writing, XRP is trading at $2.47 and is up by more than five percent in the last 24 hours. A key level to watch is the $2.48โ$2.49 range. A break above this level could signal a move higher. A sustained breakout above the price channel would suggest that XRP may target $2.76 or even higher.
Key Support and Resistance Levels
From a technical perspective, XRPโs key support levels are between $1.50 and $1.79. As long as prices hold above this range, there could be further upside. On the resistance side, the $3.23โ$3.30 range, which includes the all-time high, is important.
Longer-term, there is potential for XRP to reach $5โ$10, but this could occur during either the third or fifth wave of the larger cycle. The overall trend remains upward, and close attention is being paid to any signs of additional upward momentum.
XRP price fluctuation heats up amid Ripple vs SEC drama! Read our long-term XRP price prediction to see whatโs next for Ripple’s token!
Risk Factors to Consider
The main risk areas lie between $1.50 and $1.79. Thereโs a chance XRP could stay above the 2021 high, avoiding a deep pullback. Instead, the price might experience a sideways correction. If the price moves higher, support levels will shift upward along with the price.
Looking at the Shorter Time Frame
On the smaller time frame, XRP is attempting to break out of its current price channel, though the breakout has not yet been confirmed. The chart has followed an ABC pattern, hinting at a potential correction
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FAQs
XRP has the potential to hit $5โ$10 long-term, likely during the third or fifth wave of its larger upward cycle.
Yes, XRP is potentially in the third wave of an Elliott Wave structure, with an internal correction occurring in the broader upward trend.
XRP might reach a high of $3.99 or an average of $3.07.
Yes 
No 
