XRP Price Prediction for December 28
12/28/2024 19:45
Can traders expect ongoing decline from XRP?
Original U.Today article
Can traders expect ongoing decline from XRP?
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The majority of the coins have returned to the red area, according to CoinMarketCap.
XRP/USD
The price of XRP has declined by 1.64% over the last 24 hours.
On the hourly chart, the rate of XRP is near the local resistance of $2.1761. If buyers' pressure continues, one can expect a level breakout, followed by a move to the $2.20 area.
On the bigger time frame, traders should focus on the nearest level of $2.1277.
Related
If the price returns to it, the accumulated energy might be enough for an ongoing downward move to the $2.05-$2.10 range shortly.
From the midterm point of view, the picture is more bearish than bullish. If bulls lose the vital $2 zone, there is a possibility of a test of the $1.50 area within the next weeks.
XRP is trading at $2.165 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 denys.serhiichuk@u.today.
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