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BTC and XRP Price Prediction for December 30
The cryptocurrency market is experiencing a volatile period, with some coins exhibiting significant losses while others are trying to break out of their recent ranges. In this article, we will analyze the current situation and provide our readers with a BTC and XRP price prediction for December 30.
Bitcoin (BTC) Price Prediction
The current market condition is not favoring any particular trend, with most top cryptocurrencies trading in the red zone. The same can be said about Bitcoin as well. The asset’s price has been stuck around $24,000 since mid-November, and there are no signs that this situation will change anytime soon.
However, if the bears lose their grip on the market, we could see a short-term bounce towards $27,000-$28,000 zone. This is purely speculative, as the sentiment has turned extremely negative in recent times.
From the technical point of view, Bitcoin needs to hold above $23,500 in order to continue its upward momentum. If that does not happen, there’s a good chance we’ll see a drop towards the $21,000-$20,800 region.
XRP Price Prediction
As you can clearly see from the chart below, XRP is not performing much better than Bitcoin. It has been stuck around $2 since November and any short-term bounce is likely to be limited due to bearish sentiment.
The first level of support for XRP lies at $1.80, with a further drop potentially reaching $1.50 if bulls fail to take control of the market.
XRP price prediction: If bulls lose the support of $2, we can expect a further downward move towards the $1.80 zone.
Conclusion
In conclusion, neither Bitcoin nor XRP shows any signs of a significant upward momentum at this point. If bulls cannot hold their ground and support their respective levels, we may see more declines.
Stay tuned for future updates and analysis from our team on TradingView.
Note: The information provided here is meant to be informative, not investment advice.
Source: u.today
