XRP Price Analysis for December 7

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Can XRP remain stronger than BTC from the technical point of view? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie boncryp

On the hourly chart, XRP might have found the local bottom at the $0.3736 support level. Meanwhile, the peak of the same candle serves as the resistance.If buyers' pressure continues until the end of the day, one can expect a breakout, followed by the rise to the $0.39 mark tomorrow.

On the daily time frame, the rate of XRP has once again bounced off the support level of $0.3736. The altcoin has chances for local growth. However, if the bar closes below $0.38, the sharp decrease may lead to the test of the $0.36 zone soon. Analyzing the situation against Bitcoin , XRP has made a false breakout of yesterday's low at 0.00002240. If today's candle closes far from the support, the local upward move can continue to the 0.000023 mark.

 

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