• In the 24 hour period ending December 31, XRP has seen a rise to $0.4161. This is an increase of around 3.3%.
• On the daily chart, the 20 EMA line acts as the resistance level to XRP as the price for XRP approaches it.
• If bulls cannot maintain their current move, the price for XRP could reach $0.38.

According to CoinMarketCap, Ripple’s price has increased to $0.4161 in the past 24 hours, which represents a 3.3% price increase.

Also, XRP has moved up in the weekly charts due to a 7.6% gain. The weekly performance of XRP is now in the green due to the 24-hour price change of XRP.

In terms of XRP’s performance against (ETH) and (BTC), XRP has strengthened against both of the market leaders. As of the writing date, one XRP coin was worth 0.00001322 BTC and 0.0002117 Ethereum. This represents a 0.633% rise against Ethereum and an increase of 0.87% against Bitcoin.

Currently ranked number seventh on CoinMarketCap’s list of the largest crypto projects by market cap, XRP has a market cap of $20,127,861,558. The trading volume of daily XRP increased 74.31% over the last 24 hour, as has the overall trading volume. The daily trading volume of XRP is $1,691,130,000.

EMA 20 keeps XRP away (Source: TradingView).

The current resistance level of XRP is the 20 EMA Line on the daily charts. This line will be in effect until the price of XRP reaches that mark. It was immediately met by sell volume shortly after the price reached the line.

It doesn’t appear that there is sufficient volume to lift XRP beyond the line. If the price can break through the line, XRP may rise to $0.5, which will allow it to cross the 50 EMA threshold.

The price of XRP could reach $0.38 if the bulls fail to sustain this trend.

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