Ripple’s XRP is currently up by more than seven percent and is trading at $2.42. The XRP price has been consolidating above the $1.96 mark, a key resistance level from 2021. This price point formed in April and May 2021, and it was recently broken in early December 2024. Since then, XRP has remained above this level, showing strength and stability. This is a positive sign for XRP holders, as it means a market shift from the volatility seen in previous years when prices often broke above resistance levels, only to fall quickly afterward.
Potential for Another High in XRP’s Price
Looking ahead, there is a potential for XRP to form another high. This could be the fifth wave in an Elliott Wave pattern, hinting at a possible continuation of the bullish trend. While i