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The post <a href="https://coinpedia.org/price-analysis/bulls-prepare-war-rally-as-xrp-price-eyes-1-this-december/">XRP Price Targets $1 Milestone in December: Bulls Gear Up for a Strong Rally</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With an early Santa Claus rally, cryptocurrencies are heating up this winter, and they are initiating a bull run to enter 2024 on a high note. As Bitcoin touches the $44K mark, the bullish momentum leaks into the altcoin market, leading to a recovery in the XRP price.&nbsp; 
Ripple prepares a long-term bullish recovery to regain the $1 mark before the year-end with a bullish breakout rally. Further, the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">Ripple price prediction</a> supports the bullish breakout possibility and teases a longer trend above $1. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="479" src="https://image.coinpedia.org/wp-content/uploads/2023/12/07120006/XRPUSD_2023-12-07_10-09-08-1024x479.png" alt="" class="wp-image-251835" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/07120006/XRPUSD_2023-12-07_10-09-08-1024x479.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/07120006/XRPUSD_2023-12-07_10-09-08-300x140.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/07120006/XRPUSD_2023-12-07_10-09-08-768x359.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/07120006/XRPUSD_2023-12-07_10-09-08-1536x718.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/07120006/XRPUSD_2023-12-07_10-09-08-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/07120006/XRPUSD_2023-12-07_10-09-08.png 1814w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source – <a href="https://www.tradingview.com/x/zw1O3Cgw/">Tradingview</a> 
In the daily chart, the short-term pullback in XRP price from the $0.71 mark finds a bouncepad at the dynamic support of the 50D EMA. The cushion helps the pullback in Ripple take a lateral shift and avoid further correction.&nbsp; 
Moreover, the recovery rally in Ripple teases a continuation pattern break above the neckline at $0.71. The buyers are preparing for a cup and handle reversal, a trend continuation pattern that will increase the XRP price with immense momentum.&nbsp; 
Further, the recent recovery in the overall market due to the early Santa rally helps increase the confidence of Ripple holders.&nbsp; 
Currently, the XRP price trades at $0.0.6498 with an intraday growth of 1.35% to continue the newfound momentum after a 3% jump last night. Moreover, the bullish engulfing candles tease a jump to $0.71 in hopes of completing the trend continuation pattern.&nbsp; 
Technical Indicators: 
MACD indicator: The MACD and signal lines give a positive crossover, indicating a bullish reversal. The positive histograms are also rising, suggesting that momentum is building in XRP price and a breakout rally will likely arrive. 
EMA: The continuous dynamic support at the 50D EMA helps the Ripple comeback and revives the trend momentum.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-xrp-price-reach-1">Will The XRP Price Reach $1?</h2> 
From the short-term viewpoint, the trend continuation pattern building up in the XRP daily chart bolsters the optimistic viewpoint. Further, the market-wide will increase the trend momentum in Ripple breach the $0.71 barrier.&nbsp; 
Once the breakout rally crosses $0.71, the chances of a jump to $1 will improve significantly. Conversely, a reversal from $0.70 can result in a drop to the $0.58-$0.60 mark.&nbsp;

XRP Price Targets $1 Milestone in December: Bulls Gear Up for a Strong Rally

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