XRP Price Prediction for December 22
12/22/2024 20:49
Is XRP ready to grow next week?
Original U.Today article
Is XRP ready to grow next week?
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Sellers are back in the game on the last day of the week, according to CoinStats.
XRP/USD
Unlike other coins, XRP remains in the green zone, going up by 0.64% over the last day.
On the hourly chart, the rate of XRP is far from the local support and resistance levels. If buyers lose the interim mark of $2.24, the correction may continue to the $2.20 area by tomorrow.
On the bigger time frame, neither buyers nor sellers have accumulated enough energy for a sharp move. Such a statement is also confirmed by the declining volume.
Related
All in all, ongoing sideways trading in the zone of $2.20-$2.40 is the more likely scenario.
On the weekly chart, the picture is quite similar. If the candle closes around the current prices, traders are unlikely to expect increased volatility by the end of the month.
XRP is trading at $2.2537 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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