XRP Price Analysis for December 24
Coins continue to reach new local peaks, as reported by CoinStats.
The price of XRP has increased by 0.75% in the past 24 hours.
The XRP rate is approaching the resistance level of $0.6227. If a breakout occurs, the price may surge to the $0.63 zone.
On the daily time frame, the price of XRP is trading sideways within a wide channel.
Buyers may consider potential growth in the medium term if the rate returns to the $0.64 area and stays above it.
On the weekly chart, the rate has once again rebounded from the support level of $0.5860. As long as the price remains above that mark, buyers have the opportunity to take the lead. In this scenario, the rebound could result in a test of $0.65.
XRP is currently trading at $0.6240.