XRP Price Analysis for December 20

The post XRP Price Analysis for December 20 appeared on BitcoinEthereumNews.com.

The rates of most of the coins are going up on Saturday, according to CoinStats. XRP chart by CoinStats XRP/USD XRP has gained a lot of value today, going up by 2.57%. Image by TradingView On the hourly chart, the rate of XRP might have set a local resistance of $1.9588. However, if the daily bar closes near that mark, traders may see a level breakout, followed by further growth to the $2 zone. Image by TradingView On the bigger time frame, the price of XRP is going up after a false breakout of the support of $1.80. But one should focus on the candle closure. You Might Also Like If it happens far from the bar peak, traders might need more time to accumulate energy for a further move. In this regard, sideways trading in the range of $1.90-$2 is the more likely scenario. Image by TradingView From the midterm point of view, traders should pay attention to the nearest level of $1.8209. If the weekly bar closes far from it, there is a chance to see a bounce back to the $2 mark. XRP is trading at $1.9345 at press time. Source: https://u.today/xrp-price-analysis-for-december-20