XRP price fog: Can it break out of the triangle maze on December 30?
Today we bring you an in-depth analysis of the price of $XRP . Let's take a look at how this cryptocurrency may go next.
Recently, the price of XRP is like a roller coaster, up and down, making people confused. It is now like being trapped in a triangle, and I don't know when it can break out, and I don't know whether it will go up or down. At the time of writing this, the price of $XRP is $2.1.
Bitcoin has not been doing well recently and has fallen a lot, which is not good news for XRP and other younger brothers. However, XRP is still strong now, supporting in a small range (2.04 to 2.21 US dollars). But the strength of this support is just so-so, and there is no sign of rising or falling.
If $XRP can be more stable in this range, it may be able to rush to around $2.5. But to be honest, there is no sign of a surge now. If the price falls below $2.04, it may fall even harder, and the next place to hold may be $1.8.
If XRP really falls below $2.04, it is likely to fall even harder. At that time, we have to keep an eye on the numbers of $1.8, $1.63 and $1.53. If it really falls to $1.36 to $1.39, many people may be tempted to buy it.
Technically, $XRP is now suppressed by the prices of $2.2857 and $2.2821, and there is a lot of selling pressure above. There are also $2.2442 and $2.2131 as resistance levels.
From the lows of the last four weeks, the 38.2% retracement level is around $2.1807. Now, the pivot point of XRP is $2.1648, the previous closing price is $2.1441, and the latest price is $2.1037. These figures are telling us that the market is not optimistic about XRP now.
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