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Ripple’s XRP Technical Analysis: Expert panel median price prediction for XRP/USD $0.57 by December

XRP/USD is holding healthy gains on Monday, up over 3.50% in the latter stages of the session.
Bulls extend move to the upside, following the breakout from a bull flag pattern seen last week.
The median forecast across 9 cryptocurrency experts on a panel with finder.com report, sees XRP/USD at $0.57 by next month - December.
Lowest price forecast was at $0.31, with the most bullish of $1.00, by December for XRP/USD.

Ken Chigbo Independent Analyst

XRP/USD daily chart

Spot rate: 0.4833

Relative change: +3.14%

High: 0.4962

Low: 0.4487

Trend: Bullish

Resistance 1: 0.4931, daily pivot point resistance.

Resistance 2: 0.5092, 15 October high area & daily pivot point resistance.

Resistance 3: 0.5790, supply area.

Support 1: 0.4657, 50DMA.

Support 2: 0.4525, daily pivot point support.

Support 3: 0.4421, on top of breached flag.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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