Advertisement
AD

Main navigation

Advertisement
AD
Advertisement

XRP Price Analysis for December 1

Advertisement
Thu, 1/12/2022 - 21:30
XRP Price Analysis for December 1
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Buyers could not hold the initiative for long as the rates of most of the coins are going down again.

Advertisement

Top 10 coins by CoinMarketCap

XRP/USD

XRP has joined the list of falling coins, declining by 1% since yesterday.

XRP/USD chart by TradingView

XRP is trying to hold above the local support level at $0.3976 formed by the false breakout. However, if buyers cannot fix above the $0.40 mark by the end of the day, the decline may lead to a decline to $0.3950 tomorrow.

XRP/USD chart by TradingView

On the daily chart, neither bulls nor bears are dominating at the moment. If buyers want to withstand sellers' pressure and keep the rise going, they need to restore the rate to the $0.4150 mark.

Related

Thus, the trading volume should grow in order to increase the chance of a possible upward move.

XRP/BTC chart by TradingView

The situation is bearish on the chart against Bitcoin (BTC), as the price is coming back to the support level at 0.00002313. If the bar closes near it, the accumulated energy might be enough for a decline to the 0.000022 zone.

XRP is trading at $0.3991 at press time.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD