The XRP price prediction remains bullish. The token is just 2% below a critical breakout zone. Despite a 4% drop in the last 24 hours, trading volume has nearly doubled. This suggests that large investors are preparing for a decisive move.
Recent volatility caused XRP to fall sharply. It rejected a move above $2.50. This level, which was previously support, is now acting as resistance. However, on-chain data shows that investors are watching the $2.30 to $2.35 zone. Historically, this range has served as a reliable launchpad for the price, suggesting strong underlying buyer confidence if it holds.
Can ETF News Overcome Fed Uncertainty?
Today’s dip appears tied to broader market uncertainty. Investors fear the upcoming rate decision from the Federal Reserve (Fed) in December. These fears have generated nervousness in the general markets. Nonetheless, the outlook for XRP has solid fundamentals. Optimism about a potential ETF and Ripple’s growing institutional partnerships strengthen the bullish case for the medium term.
Technical analysis shows mixed signals in the short term. On the 4-hour chart, the RSI has dipped below its 14-day EMA. This indicates growing selling pressure. However, oversold signals could also mark the beginning of a bullish reversal. The doubled trading volume confirms that “whales” are active at these price levels, strategically accumulating positions.
The support between $2.30 and $2.35 is the decisive level. If the cryptocurrency manages to bounce strongly from this zone, it could flip the short-term narrative. A successful rebound would not only overcome the $2.50 resistance but could start the path toward new all-time highs. The XRP price prediction hinges on buyers defending this key support against macroeconomic pressure.
