The post XRP Price Prediction For December 5 appeared first on Coinpedia Fintech News
Ripple’s XRP is currently down by more than eight percent in the last 24 hours and is trading near the $2.33 levels. The price has rallied 60 percent in the last seven days and according to analyst Josh of Crypto World, XRP is in a strong bullish trend on the larger time frames despite encountering resistance.
The analyst also observed that XRP failed to follow through on a breakout past the $2.80 level, which acted as a short-term resistance. After a brief push higher, the price quickly rejected, breaking back down.
Major Resistance Around $3
XRP has encountered significant resistance near the $3 level, a crucial psychological point and also a Fibonacci extension. XRP’s all-time high (ATH) is just slightly above $3, around $3.30. This makes the $3 mark an even more critical point for the price action since it’s very close to the ATH. Typically, when the price approaches an ATH,
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