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XRP Price Prediction for December 14
As we approach the end of the week, traders are eagerly seeking clarity on XRP’s (Ripple) potential trajectory in the near future. In this article, I will provide an update on the current market situation and offer a price prediction for XRP based on my analysis.
At the time of writing, XRP is trading at $2.4064. While it may seem like a stable week so far, it’s essential to remember that any significant moves typically happen outside of regular trading hours or during unexpected events.
From a bigger perspective, it appears that the price of XRP has entered a sideways trend within a wide channel. The volume has declined significantly, indicating neither bulls nor bears are pushing for a sharp move at this time. This is not uncommon, as we often see markets consolidating before making any significant moves.
In the midterm view, I recommend focusing on the weekly bar closure in relation to the $2.1743 level. If this occurs far from it, I believe the bulls may regain control and push for further growth.
In conclusion, based on my analysis of the current market situation and the provided data, I predict a sideways trading scenario within the mentioned range ($2.30-$2.50) is more likely to happen in the short term. However, as we’ve seen before, significant moves can occur outside of regular hours or due to unexpected events.
For now, XRP holders should be cautious and not get too excited about any potential upswing or downswing until we see a clear indication from the market itself.
Source: u.today
