{"id":516,"date":"2020-12-21T15:25:27","date_gmt":"2020-12-21T20:25:27","guid":{"rendered":"https:\/\/www.hodlin.com\/blog\/?p=516"},"modified":"2020-12-21T15:41:33","modified_gmt":"2020-12-21T20:41:33","slug":"xrp-price-adds-8-percent-immediate-targets-78-cents-december","status":"publish","type":"post","link":"https:\/\/www.hodlin.com\/blog\/xrp-price-adds-8-percent-immediate-targets-78-cents-december","title":{"rendered":"XRP Price Adds 8% with Immediate Targets at $0.78 in December"},"content":{"rendered":"\n
\"XRP
XRP Price Target for December<\/figcaption><\/figure>\n\n\n\n

The XRP price<\/a> is technically bullish but presently ranging inside an eight-cent zone. This follows gains of December 16 and the absence of confirmation despite most XRP traders being bullish, expecting more gains.<\/p>\n\n\n\n

At the time of writing (Dec 21), the XRP\/USD price is trading at $0.56, adding eight percent in the last week of trading<\/a> but losing ground on the last day.<\/p>\n\n\n\n

XRP Price Overview for December<\/h2>\n\n\n\n

From the above, it is evident that buyers have the upper hand.<\/p>\n\n\n\n

Even so, the stagnation could provide room for sellers. As such, they may drive prices lower, back inside the Dec 16 bull bar, and providing better opportunities for value and aggressive traders buying the dips.<\/p>\n\n\n\n

In the immediate term, traders are watching $0.43 and $0.65 levels marking the lows of Dec 15 and the high of Dec 17 for directions.<\/p>\n\n\n\n

From volume analysis, the XRP\/USD pair<\/a> is within a $0.22 trade zone is overly net bullish. However, it is as long as bears are not successful in driving prices below $0.43 with high trading volumes.<\/p>\n\n\n\n

On the flip side, the current ranging market can also turn out to be an accumulation if XRP bulls drive prices back above $0.65 with markedly high trading volumes.<\/p>\n\n\n\n

In this case, the immediate bull target will be $0.78\u2014or the Nov 2020 high.<\/p>\n\n\n\n

XRP Market Movers for December<\/h2>\n\n\n\n

Propping XRP bulls in November was the Flare Network’s FLR airdrop.<\/p>\n\n\n\n

The project is based in Ethereum but could bridge to the XRPL, enabling the use of XRP in DeFi. While the FLR airdrop was successful, XRP prices unexpectedly dumped before the reversals of Dec 16.<\/p>\n\n\n\n

With the airdrop now stale, analysts are still confident on Ripple and XRP prospects citing the network’s potential to carve out considerable market share in remittance.<\/p>\n\n\n\n

Ripple is already working towards the achievement of this goal through diversification via FLR DeFi, and lately, providing solutions for CBDC and stable coin issuers.<\/p>\n\n\n\n

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Flare Finance is the first DeFi protocol on Flare. It brings DeFi to #XRP<\/a> through FXRP. #Flare<\/a> #UnlockingValue<\/a> https:\/\/t.co\/uB8W8aQMWM<\/a><\/p>— Flare \u2600\ufe0f (@FlareNetworks) November 28, 2020<\/a><\/blockquote>