XRP Price Analysis for December 24
XRP Price Analysis for December 24
Price Analysis

Sun, 24/12/2023 – 18:00

XRP Price Analysis for December 24
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Coins keep setting new local peaks, according to CoinStats.


XRP chart by CoinStats


The price of XRP has risen by 0.75% over the last 24 hours.

Image by TradingView

The rate of XRP is approaching the resistance level of $0.6227. If a breakout happens, the price may blast to the $0.63 zone.

Image by TradingView

On the daily time frame, the price of XRP is trading sideways in the middle of the wide channel.

Buyers may only start thinking about midterm growth if the rate returns to the $0.64 area and fixes above it.

Image by TradingView

On the weekly chart, the rate has once again bounced off the support level of $0.5860. While the price is above that mark, buyers have a chance to seize the initiative. In this case, the bounce back may lead to a test of $0.65.

XRP is trading at $0.6240 at press time.

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