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XRP Price Prediction for December 20
As we approach the end of the month, it’s crucial to revisit our previous forecasts regarding the price action of Ripple (XRP). In a recent update, we emphasized the importance of waiting for the weekly candle to close before making any conclusive statements about the direction of the market.
In this regard, it is essential to acknowledge that the current price action indicates a possibility of XRP’s prices declining further. The asset has broken through the $2 area, and if sellers continue to apply pressure, we might see a drop to the $1.60 zone.
However, there remains a chance for XRP’s prices to test the $2.30-$2.40 range by the end of the week. This scenario is more likely to occur if the daily bar closes far from the $2 mark. The current price of XRP stands at $2.157 as of this writing.
As we move forward, it is crucial for investors and traders to remain patient and assess the market situation thoroughly before making any decisions.
Source: u.today
