Prime XBT App
Prime XBT App
Download and Trade Now!

Daily Technical Analysis Research 13.12.2024 – Cryptocurrency (RIPPLE)

RIPPLE (XRP/USD):

After a dramatic surge in recent weeks, XRP continued to climb to new highs, reaching a peak of $2.80. This marked the first time the cryptocurrency revisited these price levels since late 2017.

Daily Technical Analysis Research 13.12.2024 - Cryptocurrency (RIPPLE) - qd054Ob1

Taking a closer look at the technicals, we can identify two key areas of interest. One is a resistance zone above the current price, around $2.70, while the other is a support level below, around $1.60. Moving forward, I will closely monitor these levels for potential price reactions, which will help determine where the market might move next. 

Daily Technical Analysis Research 13.12.2024 - Cryptocurrency (RIPPLE) - o0HC6aaf

 

Author

Matthew Hayward
Matthew is a well-experienced Market Analyst with a key focus on both Fundamental and Technical Analysis. He has experience in covering various market topics including Cryptocurrency, Foreign Exchange, Indices, and Commodities. He looks to provide we...
Read author’s articles
Alert Triangle Risk Disclaimer
Disclaimer: The information provided does not constitute, in any way, a solicitation or inducement to buy or sell any of our products.
Any material presented under this section of our website is not intended and should not be considered investment research or investment advice. Any Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. The recipient acknowledges that he/she is solely responsible for any trading decisions taken.
Risk warning: Our products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. These products are not suitable for all investors. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. If you do not understand the risks involved, or if you have any questions regarding our products, you should seek independent financial and/or legal advice if necessary. Past performance of a financial product does not prejudge in any way their future performance.

Ready to put your insights into action?

Receive the latest news and stay informed.

Start Trading Start Trading
Start Trading

Need Help?

Risk Warning:
Trading in leveraged products carries a high level of risk and may not be suitable for all investors.