On Thursday, December 19, we could not see a continuation of the good performance by the XRP and the coin once again corrected its price, this time to $0.187.
The last day of the workweek brought another positive session for buyers as neither they nor bears were able to establish a trend. The XRP/USD pair closed at $0.194, right in the middle of the $0.20 -$0.19 support zone.
The weekend of December 21-22 started with a small correction to $0.192 on Saturday, which was followed by a winning session on Sunday. The XRP moved up to $0.197 and ended the week 8.7 percent lowered compared to the previous trading period.
The XRP/USD pair initiated a reversal after touching $0.174.
The "ripple" successfully returned to the $0.19-$0.20 support zone and will be looking to confirm the uptrend there. The next level will be $0.217-$0.218
@bigG774, I disagree. If we push above $0.20 and manage to stay above downtrend, it can trigger reversal. And this will all be possible given the usual bullish sentiment during year end
bigG774
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@FutureBlockchain okay we will see, find it hard to believe now though
FutureBlockchain
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@bigG774, yes,let's see. Truth is XRP has always been moving with a different pace.