XRP short-term Price Analysis: 05 December
The XRP market has once again been moving higher up the price ladder and given the momentum witnessed in the Bitcoin market, the price could witness a boost. At press time, the XRP price has been trying to move past the resistance at $0.5944 and was trading at a value of $0.5922.
(https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2020/12/05141003/XRP.png)
The above chart noted the falling price of the digital asset as it was not able to surpass the resistance at $0.6410, and began its descent. The coin dropped till the support at $0.5431, after which it began to once again rise. At press time, as the Bitcoin price was also noted a surge, the XRP market could replicate its gains, thus, providing an opportunity for a long position.
Learn more about the analysis here. (https://eng.ambcrypto.com/xrp-short-term-price-analysis-5-december/)