XRP Price Prediction December 2024: Will XRP Drop to $1.94?

XRP price is expected to drop by -14.05% in the next 5 days according to our XRP price prediction. XRP is trading at $ 2.21 after losing -6.54%

XRP price is expected to drop by -14.05% in the next 5 days according to our XRP price prediction.

XRP is trading at $2.21 after losing -6.54% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.21% in the same time period. XRP performed poorly against BTC today and recorded a -4.19% loss against the world’s largest cryptocurrency.

Our XRP price prediction suggests that XRP is expected to reach a price of $1.94 by Dec 27, 2024. This would represent a -14.05% price decrease for XRP in the next 5 days.

XRP Price Prediction Chart

Buy/Sell XRP

What has been going on with XRP in the last 30 days

XRP has been displaying a positive trend recently, as the coin gained 57.79% in the last 30-days. The medium-term trend for XRP has been bullish, with XRP increasing by 273.79% in the last 3 months. The long-term picture for XRP has been positive, as XRP is currently displaying a 260.12% 1-year price change. On this day last year, XRP was trading at $0.614980.

XRP reached its all-time high price on Jan 04, 2018, when the price of XRP peaked at $3.92. The current XRP cycle high is at $2.89, while the cycle low is at $0.113268. XRP has been displaying high volatility recently – the 1-month volatility of the coin is at 20.15. XRP recorded 17 green days in the last 30 days.

XRP technical analysis for today - Dec 22, 2024

The sentiment in the XRP markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $2.18, $2.11 and $2.01, while $2.35, $2.45 and $2.52 are the key resistance levels.

Bearish sentiment for XRP15 indicators are currently signaling a bullish prediction for XRP, while 16 indicators are showing a bearish forecast. With 52% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for XRP.

Crypto market is currently experiencing GreedCurrently, the Fear & Greed index is at 73 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

XRP moving averages & oscillatorsLet’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how XRP is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for XRP is at 56.30, suggesting that XRP is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of XRP over the last 50 days. Currently, XRP is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the XRP closing price for the last 200 days. XRP is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this XRP predictionAfter considering the above factors, we can conclude that the current forecast for XRP price prediction is Bearish. XRP would have to decrease by -14.05% to hit our $1.94 target within the next five days. Moving forward, it will be important to monitor the XRP market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term XRP price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only.