XRP Price Analysis for December 24
Original U.Today article
How long will sideways trading of XRP last?
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Coins keep setting new local peaks, according to CoinStats.
The price of XRP has risen by 0.75% over the last 24 hours.
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.
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.
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.
About the author
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at firstname.lastname@example.org.