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XRP Price Prediction For December 30
Ripple’s XRP has been displaying a choppy and sideways price action, with no clear pattern emerging at the moment. The market is currently in a state of indecision, as there is no indication of a strong trend or reversal. XRP is stuck within a possible triangle formation, but it remains uncertain whether this will resolve into an upward or downward breakout.
As I write this, XRP’s price is hovering around $2.10.
Bitcoin’s recent downturn has raised concerns that altcoins like XRP could be subject to further decline as well. However, the asset is currently finding some support within a micro range between $2.04 and $2.21. This level of support is not strong enough to confirm a reversal or significant price action.
Potential Price Targets and Key Levels
If XRP continues to consolidate its price, it may aim for higher levels within the current range, potentially reaching around $2.50. However, there is no clear indication that this surge in price is imminent.
On the other hand, if the price breaks below the critical support level of $2.04, a more significant correction could be on the horizon. This potential decline would have subsequent support levels at $1.8, $1.63, and $1.53. A further drop could lead to prices near $1.36-$1.39, where investors may find a strong buying opportunity.
Cautious Neutral Outlook
The current market situation is characterized by bearish sentiment, as the price is trading below the previous close at $2.1441 and has reached $2.1037. The outlook for XRP remains cautiously neutral at this juncture. If the asset holds above the level of $2.0958, it may attempt to move towards higher resistance levels. However, if the price breaks below $2.0707, further declines could be in store, with the next key support area near $2.0475.
Stay tuned for further updates on XRP’s price action and market trends.
Source: coinpedia.org
