XRP Price Prediction for December 20
12/20/2024 20:35
Is price of XRP ready to grow again?
Original U.Today article
Is price of XRP ready to grow again?
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The market might have entered a correction phase, according to CoinMarketCap.
XRP/USD
XRP is one of the biggest losers today, falling by 11.48%.
On the hourly chart, the rate of XRP has bounced off the local support of $1.96. If buyers can hold the gained initiative, the rise may continue to the $2.30 area by tomorrow.
On the bigger time frame, the price of XRP has once again made a false breakout of the $2 area. If the daily bar closes far from that mark, there is a possibility to see a test of the $2.30-$2.40 range by the end of the week.
From the midterm point of view, one should wait until the weekly candle closes.
Related
If sellers' pressure continues and a breakout of the vital area of $2 occurs, the energy might be enough for a decline to the $1.60 area.
XRP is trading at $2.157 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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