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XRP Price Prediction for December 31
As we approach the end of the year and welcome a new one, cryptocurrency markets continue to experience significant fluctuations. XRP, the native token of Ripple Labs, appears bearish in the short term, with the possibility of another price decline.
According to our analysis, XRP could drop by around 10% to 12%, potentially reaching the support level at $1.83. This forecast is based on a detailed technical analysis and evaluation of current market trends.
It’s worth noting that recent data from Coinglass shows an outflow of hundreds of millions of dollars worth of XRP tokens from exchanges to unknown wallets over the past few days. While this may seem like bearish news, it actually indicates buying pressure and an ideal opportunity for investors to accumulate the asset.
In summary, our prediction is based on both technical analysis and real-time market data.
Source: coinpedia.org
