XRP price prediction for December 29

Ripple's XRP is currently trading in the green zone as the price continues to move within the triangle, a pattern that indicates instability in the market. It is difficult to predict whether this pattern will break up or down, but this type of consolidation is usually a precursor to a big move in either direction. Currently, the price remains in a certain range, and the market is trying to determine the next move.

A sideways move may seem boring, but it is a healthy market behavior, which allows it to gather strength before the price rises. As long as XRP holds above key support levels, specifically the $2.04 price level, the bullish trend remains intact. A break above this consolidation level will send XRP to test higher levels, $3 may be the next resistance level and may even rise to higher levels.

Visible price levels

$2.04 Support: This is a critical level for XRP. If the price is above this level, the leverage remains intact. A fall below $2.04 will invalidate the short-term bullish view and open the door for a bearish reversal.

$3 Resistance: If the price goes up, $3 becomes an important resistance zone. A successful breakout above this level could pave the way for XRP to reach an all-time high.

Loaded condition

If XRP breaks below the $2.04 level, the bearish scenario becomes more likely. In this case, the price can be low, targeting the support zone between $1.8 and $1.79. A further decline below $2.04 suggests that the market is preparing for a major correction, and further declines may follow.

At the time of writing, XRP is at $2.17 and has increased by more than one percent in the last 24 hours.