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XRP (XRPUSD) Price Shows a Potential Growth

Johnathon Fox
12/05/2024 | UPDATED ON: 12/05/2024

XRP (XRPUSD) Price Forecast: December 5

The XRP market price is going long as it shows potential growth, making it one of the top performers in the crypto market. The coin price sends a clear bullish signal trading above the EMA line, indicating buyers are making solid progress. Consequently, if the crypto’s price remains above the $2.87 high mark, the potential rally could accelerate to the $3.00 upper resistance level, sparking further investors’ interest.

Key Levels:
Resistance Levels: $2.59, $2.60, $2.61
Support Levels: $2.40, $2.30, $2.20

XRP (USD) Long-term Trend: Bullish (Daily Chart)

The XRP pair is experiencing a jolly bullish move as it shows potential growth with high investors’ optimism and interest in the coin in its long-term view. The coin price trades above the moving averages with huge volumes from the bulls, implying a robust bullish trend. Thus, the recent market structure has favored the bulls.
XRP (XRPUSD) Price Shows a Potential Growth
The bulls’ successful breakout to the $2.87 high mark on December 2nd also contributed to the crypto price going long at its recent price level.

Today, the bulls are trying to replenish the bullish momentum, as the XRPUSD price shows potential growth at the $2.58 resistance level above the EMA-50 as the daily chart opens, indicating an uptrend, and from the way it is at the moment, it will keep growing.

Hence, the coin price could rise further if the support level holds. This will enable buyers to take the XRP price to a high of $3.00 soon as it shows potential growth in its long-term perspective.

XRP (USD) Medium-term Trend: Bullish (4H Chart)

Despite the interference of the short traders, the XRPUSD price shows potential growth as it keeps going long on the medium-term chart. The price trades above the EMA, making higher highs and moving towards the major upper resistance area.
XRP (XRPUSD) Price Shows a Potential Growth
The bulls’ successful breakout to the $2.57 supply value in the last action has made the XRP market go long. It has shown potential growth above the supply levels in its bullish strength lately.

Today, the XRPUSD market shows a potential growth at a $2.60 high level above the moving averages as the 4-hourly session opens today, affirming the presence of more buyers in the market.

In addition, the daily stochastic pointing upwards suggests an uptrend. Hence, more bullish action will take place if all the support holds. In light of this, the price of XRPUSD might jump to $3.00 soon as it shows potential growth in its medium-term outlook.

Buy XRP on eightcap.com

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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