XRP price targets bullish continuation, now at $2.21
XRP is trading at $2.21 and is currently in a short-term bullish trend
Ripple (XRP) is trading at $2.21 and is currently in a short-term bullish trend, aligning with its broader positive momentum.
To maintain this trajectory, it is crucial for XRP to hold above $2.08, a key support level. As long as the price remains above this threshold, the outlook favors long positions and continued upward movement.
The immediate target for buyers is the resistance at $2.44. A decisive bullish break above this level would signal strengthening momentum and pave the way for further gains. Following a successful breach of $2.44, XRP could aim
XRP price dynamics (December 2023-December 2024). Source: TradingView.
Should XRP surpass $2.54, the final near-term target lies at $2.60, where additional resistance is expected. A break above $2.60 would reinforce bullish confidence, potentially driving XRP toward even higher levels.
While the short-term trend is bullish, traders should monitor price action closely around these resistance levels, as failures to break through could trigger consolidations or pullbacks. Maintaining support at $2.08 is critical to sustaining the current trend. For now, XRP presents a favorable setup for buyers targeting these key resistance levels.
On November 29, blockchain tracker Whale Alert flagged two major XRP whale transactions totaling 139.39 million tokens. One of these transactions involved 104.39 million XRP, worth $167 million, being transferred to an unknown wallet.
