- XRP is currently trading at $1.90, with $2 as the late-December recovery target.
- Claims of Ripple’s U.S. National Trust Bank status have supported bullish XRP sentiment.
- Holding the $1.85–$1.90 support zone is critical for the short-term outlook.
XRP is considered by many to be one of the leading cryptos by market capitalisation and is widely traded for fast and cost-efficient cross-border payments. As we approach the end of December, the coin is currently trading at just below $1.90, and now the question is whether the value will stabilise and make a short-term push for recovery before the month closes.
At press time, XRP is trading at $1.90 with a decrease of 4.09% over the past 24 hours.
XRP Structure Suggests Range-Bound Price Action
According to TradingView, the coin is still consolidating above the key support level of $1.85-$1.90. The price is still below key resistance levels, and therefore, the potential for upside gains in its price may be met with selling pressure. Assuming the coin remains above the $1.85-$1.90 support level, there is still potential for some level of recovery.
Throughout the remaining days of December (from December 18 through December 30 or 31), $2 is still considered the primary upside target. If it does move back up from $1.90 to $2, it would likely be viewed as an initial technical bounce rather than as a definitive trend change, assuming price remains above the $1.85 to $1.90 support area.
Also Read: ETF Inflows Hit $8.54M as Institutional Exposure Rises to $1.16B
Historical Data Suggests Modest Moves Near Month-End
Historical price charts for XRP from Cryptorank show limited volatility and consolidation in late December. This is especially true when it prices are below significant resistance levels, which indicates that if prices were to move up or down at the end of the month, they are likely to do so in a controlled manner instead of impulsively unless they have high volume supporting the move.
Regulatory Developments Support XRP Sentiment
A recent update on X by the user named Amonyx about the announcement indicating Ripple now has National Trust Bank status in the USA has been a positive influence on investors’ views of the coin. Although there has been no price movement yet as a result of this news, the fact that it reinforces the long-term regulatory narrative on the coin is very encouraging.
While this type of Regulatory clarity and compliance is essential in today’s marketplace, these types of developments may continue to support an optimistic outlook towards it until at least December if larger market forces remain favourable.
In conclusion, if the coin fails to maintain the support level near $1.85, it may pull back to $1.70, and any recovery attempt would be delayed until after December. Hence, the process of support will continue to dictate the price movements leading into the new year.
Also Read: XRP Market Tension: Will Support Near $1.88 Spark Wave 3 Rally?
