XRP Price Outlook on December 18
On December 17, as soon as the long-awaited RLUSD stablecoin was launched, XRP rose to more than $2.71. Unfortunately, it didn't take long for XRP to fall again, and now the price has returned to $2.55. Fortunately, there is a strong support at $2.40, and the market seems to be moving in a good direction, and it may rise a little more.
Speaking of which, there is a small support area between $2.55 and $2.62, although it may not be touched for the time being. But this third wave of growth is still continuing, and it has risen by 100%. Our ideal goal is $2.81. Of course, it is best if the price can remain stable at the current level.
If it falls, it may have to be adjusted back, but it should still be within controllable range.
Looking forward, the third wave will continue to surge, and there will be the fourth and fifth waves to come, which may push XRP's historical high again. However, the current market structure is a bit fragile, and the price is not as strong as before, but the support level is still quite stable.
Another thing, Josh, an analyst at Crypto World, said that XRP is quite stable at $2, and the previous resistance has now become support. XRP has not made any big moves recently, but in the short term, the price still has to break out of the bull flag pattern.
This momentum started a few days ago, and now the bullish momentum is stronger. XRP has also set a new high, and the breakthrough is a hammer. This price structure is quite positive, with higher highs and higher lows.
The target price for this breakthrough is around $3.80, which means that from the moment of the breakthrough, the price may rise by 40% to 60%. The breakthrough has been confirmed, so the target price is still valid, and the previous resistance has now become support.
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