{"id":813117,"date":"2024-12-19T22:18:57","date_gmt":"2024-12-20T04:18:57","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/19\/xrp-price-prediction-for-december-20-will-the-2-2-mark-hold\/"},"modified":"2024-12-19T22:18:57","modified_gmt":"2024-12-20T04:18:57","slug":"xrp-price-prediction-for-december-20-will-the-2-2-mark-hold","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/19\/xrp-price-prediction-for-december-20-will-the-2-2-mark-hold\/","title":{"rendered":"XRP Price Prediction for December 20, Will the $2.2 Mark Hold?"},"content":{"rendered":"
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\"XRP<\/figure>\n<\/div>\n
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In this bleeding cryptocurrency market, XRP, the native token of Ripple Labs, seems to have controlled itself from a major price decline as it holds crucial support. For XRP, the support at $2.20 plays an important role. Since the beginning of December 2024, the altcoin has reached this level more than four times, and each time it has experienced an upside rally.<\/p>\n

However, this time, sentiment appears to be similar, as the price has started moving upward.<\/p>\n

Long-Term Holders Rising Interest in XRP<\/strong><\/h2>\n

The current market sentiment appears negative, as the market has witnessed a significant $1.18 billion in crypto liquidations<\/a>. This substantial liquidation has created fear among traders and investors, discouraging them from staying and participating in the asset.<\/p>\n

$220 Million of XRP outflow\u00a0<\/strong><\/h3>\n

Despite the fear, traders and long-term holders seem optimistic about XRP, as they have purchased millions worth of tokens during this price decline, according to the on-chain analytics firm Coinglass<\/a>. Data from XRP spot inflow\/outflow reveals that exchanges have witnessed a continuous and significant outflow of $220 million worth of XRP.<\/p>\n

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Source: Coinglasss<\/figcaption><\/figure>\n

This outflow indicates a bullish outlook for XRP despite the ongoing price decline, as long-term holders continue to believe in the token. This explains why exchanges are experiencing substantial token outflows.<\/p>\n

In the cryptocurrency context, \u201coutflow\u201d refers to the movement of assets from exchanges to long-term holders\u2019 wallets, signaling a potential upside rally and an ideal buying opportunity.<\/p>\n

XRP Technical Analysis and Upcoming Levels<\/strong><\/h2>\n

According to CoinPedia\u2019s technical analysis, XRP appears bullish as the price is showing signs of a reversal from the crucial support level of $2.20. Based on the recent price action, the altcoin is near the buying zone, where it has typically experienced an upside rally.<\/p>\n

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Source: Trading View<\/figcaption><\/figure>\n

If XRP holds the $2.20 support level, there is a strong possibility it could soar by 13% to reach the next resistance level of $2.50 in the near future. On the other hand, if XRP falls below the support level and closes a daily candle below the $2.20 level, we could see XRP dropping to $2 or even lower in the future.<\/p>\n

Current Price Momentum<\/strong><\/h3>\n

At press time, XRP is trading near $2.30 and has experienced a price surge of over 2.70% in the past 24 hours. During the same period, its trading volume increased by 7%, indicating heightened participation from traders and investors.<\/p>\n<\/div>\n

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\n Chandan Gupta<\/p>\n","protected":false},"excerpt":{"rendered":"

In this bleeding cryptocurrency market, XRP, the native token of Ripple Labs, seems to have controlled itself from a major price decline as it holds crucial support. For XRP, the support at $2.20 plays an important role. Since the beginning of December 2024, the altcoin has reached this level more than four times, and each<\/p>\n","protected":false},"author":1,"featured_media":813118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28724,4759],"tags":[],"class_list":["post-813117","post","type-post","status-publish","format-standard","has-post-thumbnail","category-prediction","category-price"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/813117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=813117"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/813117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/813118"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=813117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=813117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=813117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}