XRP Price Analysis – December 20

  • The XRP price will find support at $0.33 if price is resisted at the $0.40 price level.
  • The crypto will reach the high of $62 if the bulls overcome the resistance levels of $0.40 and $0.50.

Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

XRPUSD Medium-term Trend: Bullish

  • Resistance Levels: $0.56, $0.58, $ 0.60
  • Support Levels: $0.37, $0.35, $0.33         

The XRPUSD pair is now in the bullish trend zone as the crypto's price broke the 12-day EMA and the 26-day EMA. Yesterday, the crypto's price was resisted at the $0.40 price level. After a pullback, the XRP price resumed its uptrend movement. On the upside, traders should note the resistance levels of $0.40 and $0.50. If the price breaks the resistance levels of $0.40 and $0.50, the crypto will reach the high of $0.62.

On the downside, if the bulls were resisted at the $0.40 price level, the XRP price will find support at the previous low of $0.33. Meanwhile, the Stochastic is at the 80 % range which indicates that XRP has a bullish momentum and a buy signal.

XRPUSD Short-term Trend: Bullish  

Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

On the 4-hour chart, the XRP price is in a bullish trend. Yesterday, the XRP price reached a high of $0.38 but the price was resisted at the $0.40 price level. The cryptocurrency now falls to the 12-day EMA. The 12-day EMA acted as a support level as price made another bullish movement. The crypto is approaching the $0.39 price level. Is it going to overcome the first hurdle at the $0.40 price level?

 

 

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