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The market is neither bullish nor bearish on Christmas, according to CoinMarketCap.
XRP/USD
The rate of XRP has declined by 0.8% over the last 24 hours.
On the hourly chart, the price of XRP is looking bearish, as it is on the way to the local support of $2.26. If sellers' pressure continues, and the daily bar closes around that area, there is a chance to see a breakout, followed by a move to the $2.24 zone.
On the bigger time frame, the price is trading within yesterday's candle, which means none of the sides is dominating. Thus, the volume has dropped as well.
Denys SerhiichukAll in all, traders are unlikely to see sharp ups or downs in the near future.
From the midterm point of view, the picture is similar. As the rate is far from the key levels, one should pay attention to the interim zone of $2. If the price breaks it, the accumulated energy might be enough for a test of the $1.50 range.
XRP is trading at $2.28 at press time.
Yuri Molchan
Valeria Blokhina
Dan Burgin
Alex Dovbnya