FutureBlockchain

Ripple (XRP) analysis 16.12.2019

Short
The trading session on Thursday was quite volatile and the coin was moving in the wide range between $0.223 and $0.213. It finally stopped at the previously mentioned support of $0.218.
Sellers made another attempt to break towards $0.214 on Friday, December 13 but without success. The XRP token ended the workweek with a green candle to $0.22.
The weekend of December 14-15, however, had a bad start for bulls as the popular altcoin could not extend gains and dropped to $0.215 instead, losing 2.3 percent of its value.
It rebounded from the lower end of the support corridor (or $0.214) on Sunday, December 15 and climbed up to $0.216.

  • Looking at $0.214 as the current support and it looks ok for the time being. Still, the general crypto market trend will play a role. If broken, we will go towards $0.20

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