Ripple price is vulnerable to further losses as long as it stays below $0.220 while the nearest support is located on the approach to $0.210.
Ripple Price Medium-term Prediction
Yesterday, December 4, the price of Ripple (XRP) price was in a bearish trend. After failing to break above the $0.22 resistance level, the coin started to decline.
It has been so long since Ripple Price maintained a bullish sentiment and stood at least above $0.23. At the time of writing, Ripple price is changing hands at $0.21, with nearly 1.46% of gains.
On the upside, if more buyers emerge, the coin will face resistance at the $0.22 level. Once it is out of the way, the recovery may be extended towards $0.23 and above.
On the other hand, strong support is created by $0.2100. A break below this level will increase the bearish pressure and result in an extended sell-off towards November 25 low at $0.20.
Meanwhile, the Moving Average Convergence Divergence (MACD) line and the signal line are above the zero line which indicates a buy signal.
XRPUSD Price Short-term Prediction
On the 1-hour chart, XRPUSDprice is down and out below $0.2180. Thus, there are high possibilities of a downside extension below the $0.2100 and $0.2050 levels in the coming sessions. The bears seem to be aiming the $0.2000 support.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
Resistance levels: $0.230, $0.240, $0.250
Support levels: $0.210, $0.205, $0.200
Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.