XRP Price Analysis for December 24

Coins keep setting new local peaks, according to CoinStats.

XRP/USD

The price of XRP has risen by 0.75% over the last 24 hours.

The rate of XRP is approaching the resistance level of $0.6227. If a breakout happens, the price may blast to the $0.63 zone.

On the daily time frame, the price of XRP is trading sideways in the middle of the wide channel.

Buyers may only start thinking about midterm growth if the rate returns to the $0.64 area and fixes above it.

On the weekly chart, the rate has once again bounced off the support level of $0.5860. While the price is above that mark, buyers have a chance to seize the initiative. In this case, the bounce back may lead to a test of $0.65.

XRP is trading at $0.6240 at press time.

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