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XRP Price Prediction for December 20
As we approach the end of the year, it’s essential to take a closer look at the current market conditions and recent trends in the Ripple (XRP) market. Based on our latest analysis and data, we’re providing an updated XRP price prediction.
Firstly, it is crucial to note that XRP has once again failed to break through the $2 mark, resulting in a false breakout. If the daily bar closes far from this level, there’s a possibility of seeing a test of the $2.30-$2.40 range by the end of the week.
From a midterm perspective, it is essential to wait until the weekly candle closes before making any definitive decisions or predictions. Any sudden movements must be monitored closely to avoid potential losses.
In the event that sellers continue to exert pressure and the crucial area of $2 is broken, the energy may be sufficient for XRP to decline towards the $1.60 range.
As of now, XRP is trading at $2.157.
It’s worth noting that XRP’s strength lies in its ability to bounce back from recent setbacks, which could potentially lead to a rebound in prices if this happens.
XRP has been known for its resilience in the face of market downturns and has consistently bounced back after short-term price corrections.
The recent trend is quite encouraging, as the asset shows a high level of support around $1.80-$2.00.
This article provides an XRP price prediction based on current market trends and recent data. We are constantly monitoring the market and will be keeping you updated with any future changes or updates.
About the author:
Denys Serhiichuk has more than 5 years of trading experience, a deep understanding of both technical and fundamental analysis methods. He is a popular trader and analyst on TradingView, where he regularly shares his insights and predictions about top cryptocurrencies like XRP.
Source: u.today
