{"id":279199,"date":"2020-12-10T17:29:03","date_gmt":"2020-12-10T22:29:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=279199"},"modified":"2020-12-10T17:29:03","modified_gmt":"2020-12-10T22:29:03","slug":"xrp-usd-market-32","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-usd-market-32","title":{"rendered":"Ripple Price Analysis: XRP\/USD Consolidates Within the Channel as Price Drops Below $0.56 Support"},"content":{"rendered":"

XRP Price Prediction \u2013 December 10<\/strong><\/p>\n

Ripple (XRP) is down by 0.91% in the last 24 hours as the value has gone below $0.58.<\/p>\n

XRP\/USD Market<\/h4>\n

Key Levels:<\/p>\n

Resistance levels: $0.68, $0.73, $0.78<\/p>\n

Support levels: $0.45, $0.40, $0.35<\/p>\n

\"\"<\/a>
XRPUSD – Daily Chart<\/figcaption><\/figure>\n

Earlier today, XRP\/USD touches the daily high of $0.58 before giving a bearish signal at the time of writing, the coin is also floating below the 9-day and 21-day moving averages as the technical indicator RSI (14) moves above 55-level. Meanwhile, a break below the channel could give the market enough strength to dig dip, but moving towards the north might lead the market to a bullish scenario.<\/p>\n

Where is the Ripple Price Heading to?<\/h4>\n

At the moment, the Ripple price has continued to demonstrate a sign of weakness across its markets. Looking at the daily chart, XRP\/USD market is down by 0.91%, reflecting a price drop in the market and the fall might become heavy if the bearish action continues. Meanwhile, the Ripple (XRP) has been consolidating within the channel since November 24.<\/p>\n

Therefore, if XRP\/USD moves bullishly on short-term outlook, traders may expect the trend to keep advancing higher if the price actions still remain inside the channel. A breakout above the moving averages could strengthen bulls and push the market price to the resistance levels of $68, $73, and $78, or a channel breakdown might lead the market in a bearish scenario if the price continues to fades and the closest supports to keep an eye on are $0.45, $0.40, and critically $0.35.<\/p>\n

Against BTC, XRP has remained intact within the channel. If the selling pressure continues, the Ripple price may likely create a new monthly low. At the moment, the signal line of RSI (14) is seen moving in the same direction around the 49-level; traders could see a negative move if XRP crosses below the moving averages.<\/p>\n

\"\"<\/a>
XRPBTC – Daily Chart<\/figcaption><\/figure>\n

As the daily chart reveals, XRP\/BTC is currently moving at 3139 SAT. We may expect close support at the 3000 SAT before breaking to 2700 SAT and critically 2500 SAT levels. Should in case a bullish movement occurs and validates a break above the moving averages; a bull-run can be confirmed for the market and the nearest resistance levels could be found at 3600 SAT and above.<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP Price Prediction \u2013 December 10 Ripple (XRP) is down by 0.91% in the last 24 hours as the value has gone below $0.58. XRP\/USD […]<\/a><\/div>","protected":false},"author":1742,"featured_media":279200,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[5257,7992,7591,8085],"acf":[],"yoast_head":"\nRipple Price Analysis: XRP\/USD Consolidates Within the Channel as Price Drops Below $0.56 Support<\/title>\n<meta name=\"description\" content=\"Ripple (XRP) is down by 0.91% in the last 24 hours as the value has gone below $0.58.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/279199\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Price Analysis: XRP\/USD 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