Ripple XRP Analysis December 2020
Today we are going to do Ripple XRP Analysis for December 2020. In November, we have seen a huge spike in $XRP coin, which is about ~200% profit in just the last 10 days of November 2020. So what we can expect in December month.
XRP Analysis December 2020
As we can see in below XRP analysis December 2020 chart. After touching at $0.79 price, XRP got dropped to 50% level of Fibonacci. Over there, XRP got support from the 50% retracement level and EMA 55 level. It makes XRP strong enough to bounce back in most potential retracement zone which 38.2 and currently it’s ranging between 38.2 and 23.6 Fibb level.
After that, it is defining a triangle chart pattern which often works as up/down -> breakout / break down -> continuation. As Ripple coin is in an uptrend since last month, we might see a breakout on the upper side.
Should you buy XRP now?
The answer is waiting for confirmation of a breakout.
Hint: Subscriber, our Telegram channel to get a notification when the blog post has been updated.
Otherwise, If you are a risk-taker, then you can use dollar-cost averaging (DCA) method to buy XRP at the best price.
What is the expected price of XRP in December 2020?
As per the chart shows the expected price for XRP coin would be around $1 – $1.05. For more accurate entry and targets. You should join our premium services.
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