Search Inside Bitcoins

Ripple Price Prediction Today, December 7, 2022: Low Volatility Keeps XRP/USD Price Under $0.3898

Ripple Price Prediction Today, December 7, 2022: Low Volatility Keeps XRP/USD Price Under $0.3898
Ripple Price Prediction Today, December 7, 2022: Low Volatility Keeps XRP/USD Price Under $0.3898

Join Our Telegram channel to stay up to date on breaking news coverage

For a while price action in the Ripple, the market appears to have lost direction recently. However, technical indicators seem to be predicting that the price may fall lower. To that effect, let’s take a closer look, shall we?

Ripple Analysis Statistics Data:
Ripple value now: $0.3867
XRP market cap: $153.45 billion
XRP moving supply: 122.37 million
RippleTotal Supply: 122.37 million
XRP Coinmarketcap ranking: #2

Key price Levels:
Top: $0.3897, $0.3927, $0.3957
Bottom: $0.3867, $0.3837, $0.3807

Ripple Price Prediction Today December 7, 2022: XRP/USD Seems Trapped Under 78.60 Fib Level

Price volatility in the XRP/USD reduced gradually till this point. Consequently, this seems to have kept price under the 78.60 Fibonacci level. Over the past two sessions now, ripple has been trading under the $0.3898 price level, however, at this point, it appears as if selling has become a more dominant action in this market. Consequently, this has caused XRP/USD price to dip a bit lower from its near $0.3898 level. Furthermore, the MACD curves can be seen rising upwards from below the equilibrium level. However, these lines appear to have started moving in a sideways direction. Perhaps this is hinting at the fact that the price upside momentum is weakening. Consequently, Ripple’s price may not break the $0.3898 resistance, instead it is likely that it falls toward $0.3750.

Ripple Price Prediction Today, December 7, 2022: Low Volatility Keeps XRP/USD Price Under $0.3898

Ripple Price Prediction Today December 7, 2022: XRP/BTC Looks More Bearish

Coming to the XRP/BTC market, things seem to have taken a more bearish tone. Price candles have crossed the MA line to the downside. Likewise, the Moving Average Convergence Divergence indicator has both performed a bearish crossover, and the lines have started moving downwards towards the 0.00 level. Additionally, an attempt to abate the downward price movements failed in the past trading session. This could be seen by the appearance of the green price candlestick before the latest bearish on this chart. Consequently, we can assume that price activities may have decisively resumed a downward path here. Therefore, Ripple versus Bitcoin price may fall towards the 0.00002150 level.

While the XRP/USD market isn’t likely to present significant profits in the mean-time, the Impact Token (IMPT) is a crypto with the potential to bring huge returns. Individuals that have invested in the IMPT token  will start getting their token starting from the 12th of December. However, they must connect their wallets: which were used to purchase the Impact Token. The purchased token will be sent to those wallets. Also, the IMPT token will be listed for treading on Uniswap, Changelly Pro, and LBank immediately after the presale. It is good to go green, and around $14.6  has been raised for this eco-friendly project.

Simultaneously, traders can now stay informed about happenings that influence cryptocurrencies, via Dash 2 Trade. You won’t miss out on important events in the crypto market, because the D2T platform will help you keep your trading in top form. Also, the Dash 2 Trade dashboard is about to go live as the project Developers are progressing very fast. Meanwhile, this project has gathered nearly $8.5 million through its ongoing token presale.

Related:

Dash 2 Trade - Crypto Analytics Platform

Our Rating

Dash 2 Trade
  • KYC Verified & Audited
  • Native Token D2T Featured in Cointelegraph
  • Now Listed on Bitmart, Gate.io, LBank & Uniswap
Dash 2 Trade

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

X

FightOut Presale - Earn Crypto for Working Out

FightOut Presale - Earn Crypto for Working Out

FightOut Presale - Earn Crypto for Working Out

X