XRP Price Prediction for December 14
12/14/2024 22:40
When can traders expect increased volatility from XRP?
Original U.Today article
When can traders expect increased volatility from XRP?
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Sellers have become more active today, according to CoinStats.
XRP/USD
The price of XRP has fallen by 0.1% since yesterday.
On the hourly chart, the rate of XRP is near the local support of $2.3648. If a breakout happens, the correction is likely to continue to the $2.35 area and below.
On the bigger time frame, the price of XRP is in the middle of the wide channel. The volume has declined, which means neither side is ready for a sharp move.
Related
All in all, sideways trading in the zone of $2.30-$2.50 is the more likely scenario.
From the midterm point of view, traders should focus on the weekly bar closure in terms of the $2.1743 level. If it happens far from it, bulls may seize the initiative again.
XRP is trading at $2.4064 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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