XRP price prediction for December 5th
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XRP price prediction for December 5th

Posted on by Amelia Pressman

XRP price prediction for December 5th

Cover photo via U.Today

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According to CoinMarketCap, the market continues to grow today.

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Top coins from CoinMarketCap

XRP/USD

XRP is one of the biggest losers today, falling 8.22%.

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Image of TradingView

On the hourly chart, XRP price is closer to resistance than support. However, the majority of the ATR was passed. In this case, there is a small chance that there will be strong price movements by the end of the day.

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Image of TradingView

On the larger time frame, XRP price mistakenly broke the $2,2011 support level.

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If the candle closes far from that, traders could see a return to the $2.60 zone shortly.

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Image of TradingView

From a medium-term perspective, one should pay attention to the closing price of the weekly bar at the $2.35 level. If there is a false breakout and the candle closes with a long wick, the bears could take the initiative, which could lead to a correction to the $2 zone.

At press time, XRP is trading at $2.3575.

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