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XRP Price Analysis for December 26
Source: CryptoNewsNet Original Title: XRP Price Analysis for December 26 Original Link: Most coins from the top 10 list are in the green zone today, according to CoinStats.
XRP/USD
The rate of XRP has gone up by 0.47% since yesterday.
On the hourly chart, the price of XRP is declining after a false breakout of the local resistance of $1.8807. If the daily bar closes near the support, traders may see a test of the $1.80 zone shortly.
From the midterm point of view, sellers are also more powerful than buyers. The rate of XRP is on its way to the support of $1.80.
If its breakout happens, the accumulated energy might be enough for a move to the $1.70-$1.75 range. This scenario is relevant for the rest of the week.
From the midterm point of view, there are no reversal signals yet. The volume remains low, which means bulls are not ready yet to seize the initiative. If the situation does not change, there is a high chance of seeing a test of the $1.60-$1.70 zone.
XRP is trading at $1.8330 at press time.