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XRP Price Prediction for December 18
As we approach the end of the month, it’s crucial to assess the current market trends and predict what might happen with Ripple (XRP) in the short-term. Based on technical analysis and recent price action, I’ll provide my XRP price prediction for December 18.
In a nutshell, the cryptocurrency has been trending sideways lately, trading within yesterday’s bar. This suggests that neither buyers nor sellers have taken control of the market yet. As a result, we can expect to see further consolidation in the range of $2.30-$2.80 by the end of the month.
As I mentioned earlier, the volume has decreased significantly, indicating a lack of energy from either side. This means it’s highly unlikely that we’ll witness sharp movements up or down anytime soon. My XRP price prediction for December 18 is based on this analysis, which is quite straightforward: expect more sideways trading with occasional small fluctuations.
To put my prediction into perspective, let me give you a brief overview of the current situation. As I’ve mentioned, the rate of XRP is trading within yesterday’s bar, indicating that there’s no clear direction at the moment. In this context, it’s logical to assume that buyers and sellers are still in a stalemate.
The current price action suggests that we’re not going to see any decisive movements anytime soon.
Source: u.today
