Predict XRP Price on December 7th

Ripple’s XRP has now increased by over five percent in the past 24 hours and is trading at $2.45. Despite rising over 35 percent in the past week, this altcoin has not yet reached its ATH, at $3.84. Most of the top 10 altcoins are currently seeing gains, and Bitcoin is once again trading above $100,000. XRP has encountered strong resistance near the $3 level, specifically around the 161.8% Fibonacci extension level at $3. Recently, XRP reached a high of just over $2.90, unable to break the $3 barrier. This suggests significant selling pressure and the price is likely to struggle around this level in the short term. Here is the price analysis by Crypto World analyst Josh: Support level around $2 On the other hand, if XRP sees a pullback, the support level is expected to be around $2. This level can act as a cushion for the price in case the price continues to fall in the near future. XRP compared to Bitcoin: An important index Looking at the XRP/BTC chart, the price action indicates that XRP has reached a significant resistance point compared to Bitcoin. If this chart is trending downward, it means that Bitcoin is performing better than XRP. Analysts have previously shared a strategy in which XRP is exchanged for Bitcoin, and those following this strategy may have doubled their Bitcoin holdings. However, the recent resistance level suggests that the short-term price increase of XRP/BTC may be coming to an end. Breakthrough potential in the future Despite short-term resistance, analysts point out that if the cryptocurrency market continues to grow in general, XRP may have the potential to outperform Bitcoin in the future. If XRP breaks through the current resistance level, it could lead to a bullish trend.