CandleFocus XRP Price Prediction For December 27
2024-12-27
Author: Content Editor
The article discusses the recent price movement of XRP and highlights the key support and resistance levels to watch. XRP has dipped into a support region between $2.40 and $2.20, but the response has not been strong enough to suggest an upward move yet. If the price holds above $2.40, there could be a chance for a rebound, but if it falls below $2.20, a more significant decline may occur. The article mentions that a move up could target the $2.59 resistance level, but the price might face challenges breaking through. If it breaks the support at $2.11 or $2.04, further downside potential could be seen. The key resistance to watch is at $2.73, and a breakout above this level could trigger a direct upward move. The article also mentions an analyst's view that XRP is still trading within a descending parallel channel, indicating a short-term bearish trend. The support line is around $1.90, and the resistance is around $2.60.
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