Ripple’s XRP token is currently trading above $2.40 and maintaining its position above the upper boundary of the trend channel. Analyst Josh predicts that if XRP stays above $2.37, it could rise to $3.79. However, a drop below $2.28 would signal a deeper correction.
XRP has formed a triangle pattern with key support at $2.28 and primary resistance at $2.53. A breakout above $2.53 could signal gains toward $2.64-$2.76. The price has experienced a shallow pullback since the local top, forming a sideways triangle pattern suggesting market indecision.
Key support lies around $2.28, while key resistance is at $2.53. If the price breaks above $2.53, it could suggest the start of a move toward $2.64-$2.76. However, a break below $2.28 would invalidate the bullish triangle breakout scenario and potentially lead to a test of lower support levels between $2 and $2.23.
A bullish outlook is supported by XRP’s retesting of previous resistance, which has flipped to support. Analyst Josh predicts that if XRP holds above $2.37, it could target a price around $3.79, offering a potential 50-60% upside. This target would only be invalidated if the price drops below $2.37, especially if it breaks below $2.28.
In the long term, XRP has the potential to hit $5-$10, likely during the third or fifth wave of its larger upward cycle. A recent prediction by analyst Josh also suggests that XRP could reach a high of $3.99 or an average of $3.07.
Source: https://coinpedia.org/news/xrp-price-prediction-for-december-16