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XRP Price Prediction for December 31
As we approach the end of the year, many are looking forward to a potential price movement in the cryptocurrency market. In this regard, I’d like to share my prediction on Ripple’s XRP (XRP) performance by December 31.
Currently, XRP is trading at $2.1050 as of press time, and it’s essential for investors to understand the possible scenarios that might unfold. Based on my analysis, if buyers can successfully defend the vital area of $2, we could see a minor retracement towards $2.02-$2.03 before another surge upwards.
However, if this support fails, the accumulated energy might be enough for a dump to the $1.90 range and below it. This would depend on market sentiment and external factors that are out of our control.
In any case, I do not believe in XRP going below $1.85, as the fundamentals are strong, and there’s still significant adoption happening around Ripple’s technology.
For now, my stance remains bearish, but it’s crucial for investors to keep an eye on market developments and adapt their strategies accordingly.
Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only.
Source: u.today
