XRP Price Analysis: 19 December

[sneakyboi]

XRP Price Analysis: 19 December

XRP’s price hasn’t really fared well since the start of December. While the world’s largest cryptocurrency Bitcoin managed to go past key resistance levels, the price of XRP continued to trade within the confines of a descending channel formation. In fact, in the past few days, it did manage to break out in the expected direction – upwards. While this hike was a welcome change, the coin still found itself 15 percent off its trading price from the start of the month.

At press time, XRP was trading at $0.569 with a market cap of $25.8 billion. According to CoinMarketCap, XRP was registering a 24-hour trading volume of over $13 billion, having recorded a minor dip of over 3 percent in 24-hours.



Taking a look at XRP’s 4-hour chart gives one a little more clarity regarding XRP’s long-term price action since the start of the month. After breaking out of the descending channel formation that dictated its price for almost the entire month of December to date, the coin, despite its upward breakout, found itself enduring a wave of sideways movement. This made it a bit difficult to determine what position a trader should take with respect to XRP, at the time of writing.

At press time, the coin was testing the support at $0.562, and if this support fails, the coin may drop towards the $0.509-price range. However, if the bulls can carry the weight of XRP, then it may soon encounter resistance at two key levels – $0.61 and $0.67.

Learn more about the analysis here.

[Token@]

Thank you very much for presenting your analysis.  At present cryptocurrency can never be predicted.  However, the analysis suggests that the value of a coin can increase.  If you keep giving updated news in this way, we will benefit a lot. It is best if you can highlight the analysis of all kinds of coins.

[Abubakar56]

Thank you very much for presenting your analysis.  At present cryptocurrency can never be predicted.  However, the analysis suggests that the value of a coin can increase.  If you keep giving updated news in this way, we will benefit a lot. It is best if you can highlight the analysis of all kinds of coins.

XRP is currently down so I won't even advise anybody to buy!!!

[Expert]

Currently the condition of any of them is very bad, one of them is xrp. The value of the coin has now suffered much more. Investors could not make a profit by investing on xrp. Currently, the value of the coin has not risen much. So everyone disagrees about the future.

[Lanirex]

Currently the condition of any of them is very bad, one of them is xrp.

Yes buddy, this is really worrying for Xrp coins.  All of this is inseparable from the news released by the SEC.  After that event, the Xrp price continued to fall!

[Coin63@]

Currently the condition of any of them is very bad, one of them is xrp.

Yes buddy, this is really worrying for Xrp coins.  All of this is inseparable from the news released by the SEC.  After that event, the Xrp price continued to fall!

May be xrp price again halving if xrp authority solve SEC problems. I think ripple with go up within a few days. I already a victimed of ripple miserable conditions.