Fractal ID

Time

FOMO

Divergence

<img width="2710" height="1454" src="https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38.png" class="attachment-full size-full wp-post-image" alt="XRP price prediction chart" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38.png 2710w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38-300x161.png 300w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38-768x412.png 768w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
The crypto market is taking a breather after starting the week extremely bullish. Besides Bitcoin, which rallied to $42,500, <a href="https://coingape.com/price/xrp/" rel="noopener noreferrer nofollow">XRP price</a>&nbsp;emerged top among the best-performing altcoins. The most prominent cross-border money remittance token has upheld support at $0.6, paving the way for further gains toward $1.
<h2 class="p1" id="xrp-price-prediction-xrp-nurtures-breakout-to-1-1">XRP Price Prediction: XRP Nurtures Breakout To $1.1</h2>
An ascending channel has supported&nbsp;<a href="https://coingape.com/xrp-lawyer-john-deaton-lauds-michael-saylor-on-holding-bitcoin/?utm_source=24hrsupdateall" rel="noopener noreferrer nofollow">XRP’s recovery</a>&nbsp;since August after the sell-off that followed the rally triggered in July to $0.93 when Ripple partially won against the Securities and Exchange Commission (SEC).
From the weekly chart, XRP has respected the boundaries of the channel, with support along the lower trendline and resistance on the upper trendline. A brief correction is expected from the middle boundary but support on the lower ascending trendline completed the bearish fractal.
A reversal from this trendline would set the bullish fractal in motion resulting in a trend change.
The Relative Strength Index (RSI) in the same time frame reinforces the current bearish outlook. However, it is not the time to shift to shorting XRP as the next rebound could blast the token 88% from the current price of $0.61 to highs at $1.1.
According to the Money Flow Index (MFI), traders are not wasting time worrying about price corrections. Instead, they are focused on filling their bags by buying the dips with a long-term view of&nbsp;<a href="https://coingape.com/whale-transfers-24-mln-xrp-amid-price-jump-whats-next/" rel="noopener noreferrer nofollow">XRP price blasting</a>&nbsp;through the psychological hurdle at $1.
<figure id="attachment_167832" aria-describedby="caption-attachment-167832" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-167832" src="https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38.png" alt="XRP price prediction chart" width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38.png 2710w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38-300x161.png 300w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38-768x412.png 768w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_15-37-38-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-167832" class="wp-caption-text">
 XRP price prediction chart | Tradingview
 </figcaption>
</figure>
The MFI monitors the amount of inflows and outflows in the XRP market. Consistent inflows as is the case at the moment are a bullish signal. Therefore, it would be prudent to prepare for the next rebound and breakout above $1 — a move likely to activate FOMO among investors who want to capitalize on the bull run going into 2024.
A bull flag pattern on the daily chart paints a positive picture for XRP price, with a breakout expected within the week. Bulls must hold onto support provided at $0.6013 by the 50-day Exponential Moving Average (EMA).
<figure id="attachment_167833" aria-describedby="caption-attachment-167833" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-167833" src="https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_16-13-22.png" alt="XRP price prediction chart " width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_16-13-22.png 2710w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_16-13-22-300x161.png 300w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_16-13-22-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_16-13-22-768x412.png 768w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_16-13-22-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_16-13-22-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-05_16-13-22-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-167833" class="wp-caption-text">
 XRP price prediction chart | Tradingview
 </figcaption>
</figure>
Bulls will seal the deal as long as XRP price bounces off the 50-day support and is accentuated by the Moving Average Convergence Divergence (MACD) crossover.
<figure id="attachment_167831" aria-describedby="caption-attachment-167831" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-167831" src="https://coingape.com/wp-content/uploads/2023/12/XRP-vs-ADA.png" alt="XRP vs Cardano" width="1200" height="800" srcset="https://coingape.com/wp-content/uploads/2023/12/XRP-vs-ADA.png 1200w, https://coingape.com/wp-content/uploads/2023/12/XRP-vs-ADA-300x200.png 300w, https://coingape.com/wp-content/uploads/2023/12/XRP-vs-ADA-768x512.png 768w, https://coingape.com/wp-content/uploads/2023/12/XRP-vs-ADA-150x100.png 150w, https://coingape.com/wp-content/uploads/2023/12/XRP-vs-ADA-272x182.png 272w" sizes="(max-width: 1200px) 100vw, 1200px">
 <figcaption id="caption-attachment-167831" class="wp-caption-text">
 XRP vs Cardano
 </figcaption>
</figure>
From the chart above, XRP has proven to be a better investment compared to&nbsp;<a href="https://coingape.com/cardano-ada-price-rises-with-soaring-transactions-signaling-institutional-interest/?utm_source=24hrsupdateall" rel="noopener noreferrer nofollow">Cardano</a>, up 55% over the last year. On the other hand, ADA has increased by 23% in the same period to trade at $0.4 at the time of writing.
If XRP can sustain the uptrend, targeting $1, investors may consider the token against ADA for their portfolios to maximize the return on investment.
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The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/markets/xrp-price-could-explode-88-in-december-if-bullish-fractal-plays-out/">XRP Price Could Explode 88% In December If Bullish Fractal Plays Out</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

XRP Price Could Explode 88% In December If Bullish Fractal Plays Out

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