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XRP Price Prediction for December 22
The price of Ripple’s XRP cryptocurrency is currently trading at $2.2537, hovering near the local support and resistance levels. According to Denys Serhiichuk, a seasoned trader with over five years of experience in both fundamental and technical market analysis, this current position is unlikely to result in increased volatility by the end of the month.
On the smaller time frame, XRP’s rate of change is not indicating any accumulation of energy from either buyers or sellers. This lack of momentum means that a sharp move is unlikely at present. Furthermore, volume indicators are also showing a decline in trading activity, which reinforces this conclusion.
In light of these observations, it appears that the market may continue to be stuck in a sideways trading range between $2.20 and $2.40 for some time yet. Should the current price drop below the interim mark of $2.24, the correction could potentially reach the area around $2.20 by tomorrow.
A weekly chart view also presents a similar picture. If prices close near their current value, it is unlikely that there will be increased volatility before the end of the month.
As such, a more likely scenario would involve ongoing sideways trading within the aforementioned zone.
Please note that XRP’s price prediction should not be seen as investment advice and is intended for informational purposes only.
Source: u.today
