XRP Price Prediction for December 1
12/01/2024 17:15
How long can midterm rise of XRP last?
Original U.Today article
How long can midterm rise of XRP last?
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Bears are becoming more active at the end of the week, according to CoinStats.
XRP/USD
The price of XRP has risen by 1.85% over the last 24 hours.
On the hourly chart, the rate of XRP might have set a local resistance level of $1.95. If the daily candle closes far from that mark, there is a chance to see a drop to the $1.90 range.
On the daily time frame, one should pay attention to the bar closure in terms of yesterday's candle peak.
Related
If it happens near $1.9575, the breakout may lead to a test of the $2 area the upcoming week.
From the midterm point of view, the rate of XRP is approaching the $1.9669 level. If the weekly bar closes near it or above and with no long wick, the growth may continue to the $2-$2.20 zone.
XRP is trading at $1.9249 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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