FxNews—XRP, also known as Ripple, trades in a robust bullish market, above the 50-period simple moving average. On December 3rd, the cryptocurrency reached new record highs, hitting $3.
As of this writing, XRP trades at approximately $2.6, consolidating recent gains.
Ripple (XRP) Reaches $3 – What’s Next?
The primary resistance is at $3. From a technical perspective, the bull market will likely resume if XRP/USD exceeds this resistance. In this scenario, the next bullish target could be the $3.5 mark.
Please note that the bullish outlook should be invalidated if XRP falls below the 23.6% Fibonacci retracement level, the $2.38 mark. If this scenario unfolds, the consolidation phase could extend to $2.0.