#XRP Surged 300% in November.
But can that happen again in December?
XRP on the monthly chart has definitively broken out from this triangle pattern which is very #bullish on the MACRO view!
Areas to look at for possible retracements:
First If we end up retesting the top trendline of the triangle, this would be around 1 dollar and 28 cents. Flipping this level into new support would add to the overall bullish sentiment.
If XRP falls further, the area inside this red box would be a great spot to begin dollar cost averaging in.
This area corresponds with the .618 and .786 Fibonacci retracement levels, between 65 & 90 cents.
We really need to pay more attention to the RSI on the monthly chart.
We have broken out from this multi-year structure on the Relative Strength Index.
There’s another resistance line here at the 82 level.
If this gets does hit, it will definitely be a great spot to take profits!
If XRP continues higher, this area around $3 dollars and 37 cents corresponds to a measured target move from the triangle breakout.
And looking at fib extension levels from previous bull cycles in 2017 and 2021, we see these price targets between $4 and $10 dollars respectively.
So, What’s your XRP price prediction for December
#Altcoins
