CandleFocus

XRP Price Prediction For December 12

Author: Content Editor
Ripple's XRP has seen a four percent increase and is currently trading at $2.40. The chart suggests that XRP could be in the later stages of a bullish structure, but it is unclear if this will lead to new all-time highs or a test of the previous high at $3.30. The previous breakout point has seen a reaction and XRP may still be in wave three with one more potential high before moving forward. Even if there is short-term weakness, there is a Fibonacci support zone between $1.5 and $1.7. The larger time frame outlook suggests that XRP is in the third wave of the cycle, with potential for a price range of $5-$10 after wave four is completed. Critical support levels include $1.99, which represents the 78.6% retracement of yesterday's rally, as well as levels between $2.20 and $1.99. Overall, the market is uncertain and it is possible that a pullback will occur, but there is also potential for further upward movement. Buyers should be prepared to step in at critical support areas.

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