XRP is entering December with a mix of unusual market signals, steady price action, and renewed bullish expectations from analysts and prediction platforms.
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Despite the general instability and uncertainty in the crypto market, traders continue to monitor XRP’s behavior above the $2.0 range as new data points shape sentiment.
XRP's price trends to the downside on the daily chart. Source: XRPUSD on Tradingview
One-Sided Liquidations Highlight Market Imbalance
Liquidation data from CoinGlass recorded an unusual reading this week after XRP posted $0 in short liquidations during a one-hour window. All losses came from long positions, totaling about $128,000. Such a clean one-sided liquidation profile is rare in active derivatives markets and immediately stood out across the crypto sector.
Other major assets, such as Bitcoin and Ethereum showed typical liquidation activity on both sides. For XRP, the imbalance suggested that leveraged traders were heavily positioned for upside, leaving long holders exposed even to small price movements.
Despite this, XRP’s price has not been immune to the broader market downturn, which saw the total crypto market cap drop by more than 5%. XRP slipped toward the $2.04 area, but analysts note that the $2.00 zone remains a key support level. On the upside, $2.20 continues to act as the immediate resistance level to watch.
Technical Outlook Points to a Potential December Breakout
XRP ended November down more than 17%, mirroring a broad market decline that has seen Bitcoin fall to $86,700 and several altcoins record double-digit losses. This drop came despite positive developments, including strong early inflows into newly approved crypto ETFs and the growth of Ripple USD (RLUSD).
On the charts, XRP continues to trade around the Murrey Math Lines pivot. Analysts highlight a bullish flag pattern forming on the eight-hour timeframe, which is typically a continuation structure that may trigger a breakout. A successful move higher could send the token toward $2.73, the next major resistance.
Mixed Prediction Market Signals but Strong Community Confidence
Prediction markets are split on XRP’s near-term prospects. Kalshi data shows a 69% probability that XRP will end the year with a positive return, reflecting strengthened sentiment after weeks of consolidation. In contrast, Polymarket assigns a 99% chance to XRP reclaiming the ATH by 2026.
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Despite the divergence, the community outlook remains firm. Traders point to XRP’s steady range, rising ETF interest, and resilience during volatility as indicators of potential upside. As December unfolds, XRP’s narrow trading band and unusual liquidation patterns are setting the stage for this decisive month.
Cover image from ChatGPT, XRPUSD chart from Tradingview