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ETH and XRP Price Analysis for December 19

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Mon, 19/12/2022 - 15:47
ETH and XRP Price Analysis for December 19
Cover image via www.tradingview.com

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Bulls could not hold the initiative as the majority of the coins have come back to the red zone.

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Top coins by CoinMarketCap

ETH/USD

Ethereum (ETH) is the exception to the rule, going up by 0.56% over the last 24 hours.

ETH/USD chart by TradingView

The price of Ethereum (ETH) is almost unchanged since yesterday, which means that none of the sides has accumulated enough power for a sharp move.

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Further growth is possible only if the rate fixes above the vital $1,200 zone.

Ethereum is trading at $1,183 at press time.

XRP/USD

XRP could not keep up with the rise of XRP, falling by 2.48%.

XRP/USD chart by TradingView

XRP is about to fix below the interim support level at $0.3435 against the increased selling volume. If nothing changes by the end of the day, the accumulated energy might be enough for a sharp decline to the $0.33 zone. Such a scenario is relevant until the end of the month.

XRP is trading at $0.3426 at press time.

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