#USUAL持续飙升
XRP plunges 2%! Price action on December 20 remains a mystery!
The article “XRP Price Prediction December 20” was first published on Coinpedia Fintech News
Ripple’s XRP has recently hit a low point, falling more than 2%. Over the past few days, XRP’s price has been fluctuating between $2.2 and $2.7, with little movement on a large time frame. The cryptocurrency has recently retreated slightly, causing the previous bullish breakout pattern to fail.
Although the price has not changed much, it is still in a potential bull market structure. Around $2.9 to $3 is a strong resistance area, where selling pressure is often seen. The support below is around $2, which has been tested many times and is the lower limit of XRP’s current trading range. If the price falls below $2, it may continue to fall.
Interpreting support and resistance levels
The previously confirmed breakout price was around $2.35, but the closing price was below this level, so the breakout pattern was invalidated, suggesting that a significant rise in the near future is unlikely. The direct support level in the short term is around $2.3 to $2.31. It is still supporting now, but if it falls below, the next support level is $2.23, and then it may fall further to $2.
Going down further, it is likely to fall to $1.9. At the key price of $1.9, whether it can be held becomes a big problem. If $1.9 cannot be held, the market will enter a bear market, and the bull market will be over. However, this has not happened yet, so it is too early to draw a conclusion. But if XRP can hold $2.3, it may rise to $2.6. If it breaks through $2.6, then the next target can be considered $3.
For the next layout direction, I will take everyone to aim at the profit opportunities of the cottage, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market!
