• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    UBS economist discuss why cryptos can’t be “actual currencies”

    UBS economist discuss why cryptos can’t be “actual currencies”

    SEC adds 8 crypto companies to its warning list PAUSE

    SEC adds 8 crypto companies to its warning list PAUSE

    30 Japanese arrested over NEM token stolen from Coincheck in 2018

    30 Japanese arrested over NEM token stolen from Coincheck in 2018

    Litecoin trend analysis LTCUSD uptrend under threat as $130 support breaks

    Litecoin trend analysis: LTC/USD uptrend under threat as $130 support breaks

    Bitcoin trend analysis BTCUSD drifts lower as Fort $30k prevents sharp fall

    Bitcoin trend analysis: BTC/USD drifts lower as Fort $30k prevents sharp fall

    Crypto

    Crypto may get a new lifeline under Joe Biden’s administration

    Ripple lawyer Ripple lawsuit Brad Garlinghouse XRP woes Metal Pay

    Ripple lawyer hopes for aid from Biden’s government

    Stellar price prediction XLM towards $0.5, analyst

    Stellar price prediction: XLM towards $0.5, analyst

    Litecoin price

    Litecoin price prediction: LTC to fall to $120

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    UBS economist discuss why cryptos can’t be “actual currencies”

    UBS economist discuss why cryptos can’t be “actual currencies”

    SEC adds 8 crypto companies to its warning list PAUSE

    SEC adds 8 crypto companies to its warning list PAUSE

    30 Japanese arrested over NEM token stolen from Coincheck in 2018

    30 Japanese arrested over NEM token stolen from Coincheck in 2018

    Litecoin trend analysis LTCUSD uptrend under threat as $130 support breaks

    Litecoin trend analysis: LTC/USD uptrend under threat as $130 support breaks

    Bitcoin trend analysis BTCUSD drifts lower as Fort $30k prevents sharp fall

    Bitcoin trend analysis: BTC/USD drifts lower as Fort $30k prevents sharp fall

    Crypto

    Crypto may get a new lifeline under Joe Biden’s administration

    Ripple lawyer Ripple lawsuit Brad Garlinghouse XRP woes Metal Pay

    Ripple lawyer hopes for aid from Biden’s government

    Stellar price prediction XLM towards $0.5, analyst

    Stellar price prediction: XLM towards $0.5, analyst

    Litecoin price

    Litecoin price prediction: LTC to fall to $120

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Ripple News

Ripple price prediction: XRP to fall to $0.5 ahead, analyst

Taha Farooqui by Taha Farooqui
December 9, 2020
in Ripple News
4 min read
Ripple price prediction: XRP to fall to $0.5 ahead, analyst
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL:DR Breakdown

  • Ripple price prediction expects the bearish streak to continue.
  • The market trend could lead to a positive outlook.
  • Current support persists at the $0.540 mark.

The Ripple price prediction by Vince Prince suggests that the price will continue to descend till it hits the $0.5 mark. The cryptocurrency observed a continued bearish movement on the 9th of December and fell towards $0.51 before rising to the $0.55 mark again.

1-Day Ripple price analysis

Ripple price chart 1 - 9 December
Ripple price prediction chart by Trading View

The XRP price was at $0.551 at the time of writing. The altcoin’s price fell to a day’s low of $0.503, whereas the cryptocurrency was at a day’s high of $0.563 in the afternoon. The price has been under a bearish move from the 8th of December and the XRP price slipped below the $0.51 mark on the 9th of December. The price trajectory was seen recovering above the $0.55 level as the day proceeded. The overall trade over the 24-hour chart was observed to be bearish.

RelatedPosts

Ripple lawyer hopes for aid from Biden’s government

Ripple price prediction: XRP towards $0.30, analyst

Ripple and BitGo move XRP worth $71.7 million

Ripple price prediction: XRP in trouble, analyst

Ripple price prediction: Fall ahead?

Looking at the chart below, we can observe that the XRP price has approached the end of a triangle pattern that has formed above a broadening wedge.

Ripple price chart 2 - 9 December
Ripple price prediction chart by Vince Prince

The price is held above the upper trend line of the broadening wedge, along with the 100-Day Exponential Moving Average. The price turned bullish and moved above this channel that can be seen on the chart above, the pattern formed early in Q1 2020. The price is now expected to move towards the bottom of the triangle pattern and then see a bounce-off, which will then allow the cryptocurrency to escape the triangle pattern and rise across the $0.8 mark.

What to expect from the XRP price?

XRP is trading under a high descending resistance and the analyst believes that the altcoin looks bearish right now.

Ripple price chart 3 - 9 December
Ripple price prediction chart by Boss Mode Trader

The trade volume has seen many hits on the 2h time frame and the price has moved downwards after spiking towards the $0.8 mark in the last week of November. The Relative Strength Index (RSI) has also come down from the overbought region. Per the analyst’s chart, the price should move towards the bottom and confirm support until it can break above the falling trend line.

What’s next for Ripple?

A 3-year long ascending channel was highlighted by the Trading View analyst GJM Real Estate. We can see that the cryptocurrency has bottomed in the up-channel.

Ripple price chart 4 - 9 December
Ripple price prediction chart by GJM Real Estate

Looking at this chart, 2021 looks promising for the XRPUSD trading pair. If Bitcoin and the cryptocurrency market continue to grow like they have recently, the prices for the XRPUSD pair should see newer highs in the up-channel, especially after a long period of consolidation near the bottom of the parallel ascending channel.

Ripple technical indicator movement

Ripple price chart 5 - 9 December
Ripple price prediction chart by Trading View

The Relative Strength Index (RSI) closed at 34.87, in the neutral region for the trading pair. The midline of the Bollinger bands is currently acting as resistance while the price is above the lower Bollinger band, which is acting as support. The histogram size is decreasing in the negative region, while the Moving Average Convergence Divergence (MACD) line and the signal lines are moving downwards. This is a bearish indicator for the cryptocurrency.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Tags: cryptocurrency tradingcryptomarket
Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related Posts

Ripple lawyer Ripple lawsuit Brad Garlinghouse XRP woes Metal Pay
Ripple News

Ripple lawyer hopes for aid from Biden’s government

January 21, 2021
Ripple price prediction XRP towards $0.30, analyst
Ripple News

Ripple price prediction: XRP towards $0.30, analyst

January 21, 2021
Ripple
Ripple News

Ripple and BitGo move XRP worth $71.7 million

January 20, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

UBS economist discuss why cryptos can’t be “actual currencies”

UBS economist discuss why cryptos can’t be “actual currencies”

January 22, 2021
3 Great Places to Buy Bitcoin In 2021 1

3 Great Places to Buy Bitcoin In 2021

January 22, 2021
SEC adds 8 crypto companies to its warning list PAUSE

SEC adds 8 crypto companies to its warning list PAUSE

January 22, 2021
30 Japanese arrested over NEM token stolen from Coincheck in 2018

30 Japanese arrested over NEM token stolen from Coincheck in 2018

January 22, 2021
Litecoin trend analysis LTCUSD uptrend under threat as $130 support breaks

Litecoin trend analysis: LTC/USD uptrend under threat as $130 support breaks

January 22, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 2

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.