Could the weekend turn out to be bullish for XRP?
Price Analysis
Wednesday 12/25/2024 - 15:35
✅XRP Price Prediction for December 25🤑
XRP price has decreased by 0.8% in the past 24 hours.
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Image from TradingView
On the hourly chart, XRP price is looking bearish, as it is on its way to the local support at $2.26. If the sellers’ pressure continues, and the daily bar closes around that area, there is a chance to see a breakout, followed by a move to the $2.24 area.
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Image from TradingView
On the larger time frame, the price is trading within yesterday's candle, which means that neither side is in control. Therefore, the trading volume has also decreased.
Overall, traders are unlikely to see sharp rises or falls in the near future.
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Image from TradingView
From a mid-term perspective, the picture is similar. Since the price is far from key levels, the temporary area at $2 should be paid attention to. If the price breaks this area, the accumulated energy may be enough to test the $1.50 range.
XRP is trading at $2.28 at the time of publishing this report.
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