FutureBlockchain

Ripple XRP analysis 23.12.2019

Long
On Thursday, December 19, we could not see a continuation of the good performance by the XRP and the coin once again corrected its price, this time to $0.187.

The last day of the workweek brought another positive session for buyers as neither they nor bears were able to establish a trend. The XRP/USD pair closed at $0.194, right in the middle of the $0.20 -$0.19 support zone.

The weekend of December 21-22 started with a small correction to $0.192 on Saturday, which was followed by a winning session on Sunday. The XRP moved up to $0.197 and ended the week 8.7 percent lowered compared to the previous trading period.

  • The XRP/USD pair initiated a reversal after touching $0.174.
  • The "ripple" successfully returned to the $0.19-$0.20 support zone and will be looking to confirm the uptrend there. The next level will be $0.217-$0.218

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