XRP Long-term Price Analysis - December 16

  • XRP's Stochastic Oscillators suggest the bears aren’t yet completely done driving the market down.
  • XRP’s price can still dip to around $0.25, and can spike once it hits that mark. As the crypto’s price goes down, some point out we may be close to golden investment opportunities.

XRPUSD Long-term Trend – Bearish

Distribution territories: $0.45, $0.50, $55

Accumulation territories: $0.20, $0.15, $0.10

Notably, XRP’s price was ranging between December 9 and 13, but the crypto was visibly pushed southwards on December 14, which canceled the ranging movements’ effects. XRP has been pushed south of the $0.30 mark.

Ripple, XRPUSD, Cryptocompare chartXRP Chart by TradingView

XRP’s SMAs are separated, as they’re at around $0.41 and $0.31, wit the 50-day SMA being above the 14-day SMA. The Stochastic Oscillators have dipped in the oversold zone to seemingly start consolidating within it. This suggests the bears aren’t yet completely done driving the market down.

XRP’s price can still dip to around $0.25, and can spike once it hits that mark. As the crypto’s price goes down, some point out we may be close to golden investment opportunities.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.