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XRP Price Prediction For December 30
The ongoing price action of Ripple (XRP) has been characterized by a choppy and sideways movement, lacking any distinct trend or reversal patterns. As the market remains indecisive, we’re here to provide you with an update on XRP’s price prediction for December 30.
At present, XRP is trading at $2.10, with no clear indication of a strong trend or reversal in sight. The recent decline of Bitcoin has raised concerns about potential further downside pressure on altcoins like XRP. However, the cryptocurrency is currently finding support within a micro-range between $2.04 and $2.21.
If XRP continues to consolidate, we may see the price aim for a higher level within this range, potentially reaching around $2.50. Nevertheless, there’s no concrete indication that a significant upward move is imminent.
On the other hand, if the price breaks below the crucial support at $2.04, it could signal a deeper correction and potential losses in the future. Key support levels to keep an eye on include $1.8, $1.63, and $1.53. In this scenario, further declines may be seen as low as $1.36-$1.39 before seeing any significant buying pressure.
Based on our analysis, we have a cautiously neutral outlook for XRP’s price performance moving forward. If the cryptocurrency manages to hold above $2.0958, it might attempt to rise towards higher resistance levels. However, if the price drops below $2.0707, it could face further losses and test support at $2.0475.
The current market sentiment suggests that XRP is poised for a cautious approach, with no clear indication of an imminent breakout or reversal. We will continue to monitor this situation closely and provide updates as more information becomes available.
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Source: coinpedia.org
