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XRP Price Prediction: Today’s Ripple Price, 8th Dec 2022
XRP Price Prediction: Today’s Ripple Price, 8th Dec 2022
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Since XRP price has breached a trendline support level around $0.3900, the outlook for the cryptocurrency sector is still unfavorable given the slowdown. However, Ripple was recently ranked among the top 10 most valuable startups in the US.
This information comes after John E. Deaton, an attorney for Ripple, cautioned the community that more regulation was coming and it wouldn’t be pleasant.
XRP Price Today
| DATE | XRP | USD |
|---|---|---|
| Today | 01 | $ 0.3890304 |
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XRP Price Prediction
The XRP/USD pair is currently trading at $0.3825 with a minor negative bias on the technical aspect. The upward trendline that had been supporting XRP near $0.3900 on the 4-hour period has been broken. The 50-day moving average serves as resistance at this level, helping to drive the XRP price down.
A bearish break of this level might expose XRP to $0.3610 or 0.3450. On the downside, XRP is anticipated to find immediate support near $0.3740.
There may be a selling trend as the RSI and MACD indicators are both in a selling zone. Bullish pressure might push past the $0.3900 resistance level to $0.4110 or $0.4375 if demand picks up.
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