XRP price prediction for December 1st
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XRP price prediction for December 1st

Posted on by Amelia Pressman

XRP price prediction for December 1st

Cover photo via U.Today

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According to CoinStats, bears are becoming more active towards the end of the week.

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XRP chart from CoinStats

XRP/USD

The price of XRP has increased by 1.85% in the last 24 hours.

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Image from TradingView

On the hourly chart, XRP price may have reached a local resistance level of $1.95. If the daily candle closes far from this mark, there is a possibility of a decline to the $1.90 area.

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Image from TradingView

In the daily time frame, one should pay attention to the bar’s closing price in relation to yesterday’s candlestick high.

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If it happens near $1.9575, the breakout could lead to a test of the $2 area in the coming week.

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Image from TradingView

In the medium term, the XRP price is approaching the level of $1.9669. If the weekly bar closes near or above and there is no long wick, growth could continue into the $2-$2.20 range.

At press time, XRP is trading at $1.9249.

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