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XRP Price Prediction for December 22: Ongoing Sideways Trading Expected to Continue
According to Denys Serhiichuk, a seasoned trader and analyst with over 5 years of experience in the cryptocurrency market, ongoing sideways trading in the zone of $2.20-$2.40 is expected to continue.
In his latest price analysis, Denys highlights that neither buyers nor sellers have accumulated enough energy for a sharp move, which would be accompanied by increasing volume. Instead, he notes that the current situation resembles a consolidation phase, with the asset stuck between the mentioned range.
The analyst also emphasizes that a correction may continue to the $2.20 area by tomorrow, further supporting his prediction of ongoing sideways trading. This is further reinforced by the declining volume, which suggests that neither side has enough momentum to push the price in either direction.
On a weekly chart, the picture remains quite similar, with no indications of increased volatility towards the end of the month. As of press time, XRP is trading at $2.2537.
Denys’ prediction underscores the importance of caution and patience for traders considering entering the market. With no clear signs of a sharp move or reversal on the horizon, it’s best to wait and observe before making any investment decisions.
As always, investors are reminded that cryptocurrency markets are inherently unpredictable and subject to sudden shifts in sentiment. It’s crucial to stay informed and adapt to changing circumstances as the situation evolves.
Read more about the latest XRP price prediction
Source: u.today
