XRP Price Analysis – December 24

  • The XRP price is in a bullish momentum in the short and medium-term trend.
  • The XRP price broke the $0.40 resistance level as price approaches the $0.50 price level.

Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

XRPUSD Medium-term Trend: Bullish       

  • Resistance Levels: $0.56, $0.58, $ 0.60
  • Support Levels: $0.40, $0.38, $0.36

From the daily chart, the XRPUSD pair had been in a bullish trend in the last one week. The crypto's price was ranging above the $0.36 price level on 12-day EMA in the previous week. Today, the crypto's price has broken the range bound movement in a bullish trend. The price also had  broken the $0.40 resistance level.

The XRP price has one more hurdle to jump over. That is the resistance level at the $0.50 price level has to be broken for XRP price to reach the highs of $0.55 and $ 0.60. The Stochastic is approaching the 80% range which indicates the crypto's price is in a bullish momentum and a buy signal.

Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Price is not expected at the downside except the EMAs are broken on the downward side.

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. The price of XRP price trends on the 12-day EMA as a support level. The crypto has broken all the resistance levels of $ 0.36, $0.38 and the $0.40 price levels as price approaches the next resistance at $0.50.  The crypto's price may face resistance at the $0.50 price level.

On the 4-hour chart, the Stochastic is in the overbought region at the  80% range which indicates that the XRP is in a bullish momentum and a buy signal.

 

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