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The market is neither bullish nor bearish on Christmas, according to him CoinMarketCap.
Ripple/USD
The price of XRP has fallen by 0.8% in the past 24 hours.
On the hourly chart, XRP price looks bearish, as it is on its way to the local support at $2.26. If seller pressure continues, and the daily bar closes around that area, there is a chance to see a breakout, followed by a move to the $2.24 area.
On the larger time frame, the price is trading within yesterday's candle, meaning neither side is in control. Consequently, the volume also decreased.
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In general, traders are unlikely to see a sharp rise or fall in the near future.
From a mid-term perspective, the picture is similar. Since the price is far from the key levels, one should pay attention to the $2 temporary zone. If the price breaks it, the accumulated energy could be enough to test the $1.50 range.
XRP is trading at $2.28 at press time.
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