XRP Holds 2021 Highs as Technical Indicators Point Toward $20 Bullish Target
Jakarta, Pintu News – XRP is on the rise again, trading at $2.08 with a trading volume of $4.62 billion and a market capitalization of $125.24 billion on December 8. The token managed to touch back the psychologically important level that has been of concern to market participants.
XRP Stands Firmly Above Key Levels
A crypto analyst mentioned that XRP is currently showing strong movement above the $2.00 level and remains in the “Line 1” trend path.
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In his update, he pointed out that the token appears to be forming a bull flag pattern, a formation that is often a sign of a significant price spike.
While price targets such as $20, $35, or even $200 are speculative for now, current price levels suggest there is potential for future upside, depending on continued buying pressure. One of the most important support levels is $1.00 – a level that analyst Skipper says should be maintained to keep upside opportunities open.
Whale Releases 510 Million XRP in a Week
Ali Marteniz revealed a large movement in XRP, where as many as 510 million tokens were sold this week. This large amount of selling could be the cause of downward pressure on XRP’s price.
Despite the selling pressure, analysts suggest remaining wary of support levels, as XRP is known to stabilize around previous important levels.
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XRP Holds 2021 Peak, Supporting Bullish Sentiment
XRP’s resilience at its highest level in 2021 is now considered a key stabilizing factor, according to the latest market update shared by an analyst. The fact that this important support level is still maintained has successfully cushioned the negative impact of unfavorable price movements in the market.
As the token looks to cement its position above $2 and potential bullish formations emerge on several indicators, its next move-whether to continue rising or retest support levels-will be determined in the coming days.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- TronWeekly. XRP Holds 2021 Highs, Technicals Signal $20 Bullish Target. Accessed on December 9, 2025
