XRP, Decentraland, Dogecoin Price Analysis: 21 December
Bitcoin found strong demand at the $45.6k area once more. Monday’s lows and highs have been established, and Bitcoin has climbed swiftly off those lows, pulling altcoins alongside. XRP and Decentraland posted gains over the past few hours and were trading near important levels of previous resistance that needed to be flipped. Dogecoin continued to trade sideways.
Source: XRP/USDT on TradingView
On the hourly chart, XRP looked healthy. It rose above the $0.889 resistance level, which is an area where XRP faced selling pressure in recent days. The levels plotted are higher timeframe levels, hence a retest of the $0.87 pocket could be used as a buying opportunity, targeting $0.92 and $0.95.
The Aroon indicator showed an uptrend in progress on the
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