Price prediction for $XRP on December 9!
XRP has been a little unstable recently, but fortunately it is still trying to stay above $2.3. The position it is standing at now is the mark it broke through in 2021-$1.96!
This position is really important to prevent the price from falling too badly.
Now XRP is jumping between two thresholds, one is the historical high of $1.96, and the other is the high of $3.3 in 2021.
These two thresholds, one is supporting the price below, and the other is blocking the price above.
Speaking of price trends, I think XRP is now like a big drama, and it seems to be ushering in the third wave of big increases!
Since it hit the bottom in June 2022, it has gone through two waves of increases, and now the third wave seems to be coming.
This third wave of increases may push the price to a high of $5 to $10! But it’s too early to say these now, after all, the price has not reached that point yet.
The key support point for XRP is the range of $1.79 to $1.96. If the price falls below this range, be careful, there may be a bigger drop.
But from the current situation, this is just a small correction in a larger upward trend, so the outlook is still good.
However, if the price rises quickly, the correction may also come violently. The third wave of XRP's rise is indeed a bit fierce, so the correction may be more severe.
This rapid price change may cause the price to fall in the short term, but as long as the support point is still there, XRP will continue to rise in the long run.
In the short term, XRP may be correcting, it may go sideways, or it may fall slightly.
We may see a triangle slowly forming, which is very common in the currency circle, and it may be a signal for the next price change.
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