Ripple Price Analysis — December 22

Along with most of the crypto market, XRP has recorded a healthy rebound as investors develop an appetite for risk assets. The seventh-largest cryptocurrency is now on track to reclaim the $1 mark since it fell below that line in late November. XRP currently rests on the $0.9500 support and could post a correction to the $0.9200 soon as bulls run out of steam. However, this correction should help XRP facilitate a rebound towards $1 and possibly higher in the coming days.

Meanwhile, my resistance levels are $1.0000, $1.0500, and $1.1000, and my support levels are $0.9275, $0.9000, and $0.8800.

Total Market Capitalization: $2.25 trillion

Ripple Market Capitalization: $42.8 billion

Ripple Dominance: 1.9%

Market Rank: #7