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XRP Price Prediction for December 14
As of press time, the price of Ripple (XRP) is trading at $2.4064. Despite its previous upward movement, the cryptocurrency is stuck in a narrow range between $2.30-$2.50, making it difficult to predict any significant moves.
On the bigger time frame, XRP’s chart shows that the asset has been trending sideways for a while now, with both buyers and sellers appearing to be hesitant to make a big move. The absence of volume indicates that neither side is strong enough to push prices in a particular direction.
From a midterm perspective, it seems like the weekly bar closure will play a crucial role in determining XRP’s next steps. If the price closes far from $2.1743 level, bulls may regain momentum and start pushing prices higher.
Given this information, I believe that sideways trading within the range of $2.30-$2.50 is more likely to happen.
Source: u.today
