XRP price prediction for December 22

Ripple's XRP is down more than six percent and is trading at the $2.22 level at the time of writing. The XRP price is at a crossroads and has lost most of the gains made in the past seven days. All of the top 10 coins are trading in the red, with Solana and Dogecoin recording double-digit losses.

Analysts speculate that XRP may be in for a major correction following a strong rally earlier this month. The price may be in a consolidation phase that could be part of a larger correction pattern or part of a more extended sideways move.

Possible scenarios, key resistance and support levels

resistance zone

Immediate resistance for XRP is between $2.30 and $2.53. If the price reaches this range, it may face selling pressure and may turn to the downside. Traders should be cautious if the price approaches this area.

Critical support level

A key support level to watch is $1.96, the previous low established in early December. If XRP falls below this level, it could trigger further selling, which could push the price down to the range between $1.39 and $1.80.

Level of consolidation

XRP may be in the middle of a consolidation phase where the price moves sideways within a certain range. This could be a correction after the recent rally. If XRP continues above the $1.96 level, it could eventually go higher, testing the resistance zone between $2.30 and $2.53.

Low risk

If XRP breaks below the $1.96 support, it may enter a deeper correction. In this case, the price may move towards the lower support zone between $1.39 and $1.80. This is a critical step in monitoring any potential reversal.