Ripple Price Analysis — December 24

After posting a sharp recovery from the 0.8000s this week, XRP appears to have lost bullish steam at the $1 mark. The seventh-largest cryptocurrency has now failed to clear the critical resistance after two attempts within the last 24 hours, indicating that a correction is at hand. At press time, the projected correction has emerged, as XRP falls below the $0.9500 mark. That said, we could see a bearish continuation to $0.9000, where a golden cross threatens to form in the coming hours and days. Nonetheless, the bullish momentum remains intact above $0.9000, and a rebound should follow on the trigger.

Meanwhile, my resistance levels are $1.0000, $1.0500, and $1.1000, and my support levels are $0.9275, $0.9000, and $0.8800.

Total Market Capitalization: $2.37 trillion

Ripple Market Capitalization: $47.4 billion

Ripple Dominance: 2%

Market Rank: #7