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XRP Price Prediction for December 22
The recent trading action of XRP has been quite stagnant, with the cryptocurrency failing to break out of its established range of $2.20-$2.40. According to a latest analysis by Denys Serhiichuk, a seasoned trader and analyst, the ongoing sideways movement is likely to continue.
Based on his analysis, it seems that neither buyers nor sellers have accumulated enough energy for a sharp move, leading him to predict that XRP will continue trading within its current range. The fact that volume is declining further supports this notion, as it suggests that there isn’t enough momentum to push the price in any particular direction.
On the daily chart, this sentiment is also reflected. If the candle closes around the current prices, traders are unlikely to expect increased volatility by the end of the month, which could have led to a more decisive move.
As such, Serhiichuk’s prediction is that XRP will continue trading within its established range of $2.20-$2.40 for now.
Source: u.today
