Resistance

Coin

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>XRP price prediction suggests buyers are active near the demand zone and it may show a bounce.</a> </li> 
 <li> <span>2</span> <a>XRP crypto price is trying to hold the 50-day EMA support.</a> </li> 
 <li> <span>3</span> <a>The 200-day EMA sloping sideways denotes price lacked direction.</a> </li> 
</ul> 
<p>The XRP price prediction stays bullish for the short term as well as for the long term. It suggests buyers are active near to the demand zone and might show a decent bounce.&nbsp; The XRP crypto faced rejection from the $0.7000 level and retraced back to the 50-day EMA.&nbsp;</p> 
<p>The presence of sellers is also visible and they are trying to pull the price down to below the 50-day EMA. If bears succeed, it might trigger negative sentiment and the price might decline 5% to 10% in a short period.</p> 
<p>The 200-day EMA and $0.5479 level may act as strong support for the bulls. So, it will be difficult for the sellers to take control of the demand zone.&nbsp;</p> 
<p>At the beginning of November, Ripple’s XRP price woke up after a two-month-long consolidation. It broke out of the higher range at $0.5400 with a high buying volume.&nbsp;</p> 
<p>Slowly and steadily, the <a href="https://www.thecoinrepublic.com/2023/11/24/xrp-price-forecast-will-xrp-crypto-reward-investors-in-the-long-run/" target="_blank" rel="noreferrer noopener">XRP crypto</a> price gained momentum and rallied 35% in just a few trading sessions. It later took a swing hit at $0.7492 and witnessed minor profit booking.</p> 
<h2 class="wp-block-heading" id="strong-will-the-xrp-coin-price-defend-the-demand-zone-strong"><strong>Will the XRP Coin Price Defend the Demand Zone?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="711" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-358.png" alt="XRP Price Prediction: XRP Returned to the Demand Zone; What Next?" class="wp-image-184086" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-358.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-358-300x133.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-358-1024x455.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-358-768x341.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-358-1536x683.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-358-750x333.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-358-1140x507.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source:<a href="https://www.tradingview.com/x/iUwKw6nv/"> XRP/USDT</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div> 
<p>The XRP coin price corrected approximately 15% from the recent swing high and returned back to the demand zone. At present, no signs of bounce back are visible but due to the strong presence of buyers, it will be risky to build fresh shorts.&nbsp;</p> 
<p>Till <a href="https://www.thecoinrepublic.com/2023/11/24/xrp-price-forecast-will-xrp-crypto-reward-investors-in-the-long-run/" target="_blank" rel="noreferrer noopener">Ripple’s XRP</a> crypto price sustains above the $0.5479 level, the investors are safe. New participants might enter in XRP when signs of upside reversal will be visible.&nbsp;</p> 
<p>The analysis suggests the XRP price is mildly bullish and buyers are active at support. So, it might anytime show a bounce and regain momentum.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-ripple-s-xrp-price-fell-9-in-the-current-week-strong"><strong>Ripple’s XRP Price Fell 9% in the Current Week</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_38f4c"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": "900",
  "height": "550",
  "symbol": "BINANCE:XRPUSDT",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_38f4c"
}
  );
  </script> 
</div>  
<p>Ripple’s XRP price fell approximately 9% in the current week and formed a bearish candle. It shows that sellers are also active and trying to erode the previous gains.&nbsp;</p> 
<p>The overall crypto market is also witnessing correction. So, it indirectly affects the XRP token and fresh buyers look reluctant to build longs.&nbsp;</p> 
<p>The super trend generated a sell signal, which suggests that as long as the price stays below $0.6847, the short-term trend will remain down. The RSI at 42 sloping downward denotes weakness. Therefore, investors must wait for confirmation of upside reversal to build longs otherwise they might get trapped.</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;&nbsp;</strong></h4> 
<p>The XRP price prediction stays bullish till it sustains above the demand zone. However, the buyers look reluctant to build fresh long due to fear of further sell-off.&nbsp;</p> 
<p>The analysis suggests that the short-term direction of the XRP token is not clear. So, investors must wait for the confirmation of the upward reversal to build fresh longs.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $0.7492 and $0.9000</li> 
 <li>Support levels: $0.5479 and $0.4582</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

XRP Price Prediction: XRP Returned to the Demand Zone; What Next?

Table of Contents

Thecoinrepublic.com

Other articles published on Dec 13, 2023

Deutsche Bank Subsidiary Forms Partnership With Galaxy Digital and Other Firms To Launch New Euro...

Coinbase Announces Listing of Solana’s BONK Token

Former BitMEX CEO to head euro stablecoin issue

CoinMENA FZE secures VASP License for VA broker-dealer services in Dubai

Coinbase prioritizes transparency with BONK listing on Its roadmap

🤖 Crypto-AI-Robo🤖CAIR TOKEN✅The future of Technology!

Join our free newsletter for daily crypto updates!