BTC, ETH and XRP Price Prediction for December 23

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As a seasoned crypto investor with battle-scarred fingers from numerous market fluctuations, I’ve learned to navigate these stormy seas with a steady hand and a level head. Today’s bearish trend is just another day in the life of a crypto enthusiast. The charts may seem discouraging, but I’ve seen Bitcoin (BTC) dance around $96k more times than I care to remember.

A new week has started with bears putting the pressure on, according to CoinMarketCap.

BTC/USD

The rate of Bitcoin (BTC) has dropped by 1.16% over the last day.

On the day-to-day graph, the bulls are aiming to take control, but it’s still premature to consider a turnaround. If the candle ends in the positive range, a significant surge isn’t highly probable. Instead, a period of sideways trading around $95,000 to $98,000 seems more likely.

Bitcoin is trading at $96,031 at press time.

ETH/USD

Ethereum (ETH) has followed the decline of BTC, going down by 1.51%.

Looking at the technical aspects, Ether’s (ETH) price movement appears quite parallel to Bitcoin’s (BTC). Currently, the price is not close to significant trading levels, suggesting that neither buyers nor sellers hold significant power. This imbalance has led to a decrease in trading volume, indicating a lack of market activity or momentum. Consequently, it seems unlikely that traders will witness substantial short-term price fluctuations.

Ethereum is trading at $3,349 at press time.

XRP/USD

XRP is not an exception to the rule, falling by 2.63%.

On a daily basis, XRP’s price isn’t showing clear signs of either a bullish or bearish trend. Neither side seems to have gathered enough momentum just yet. For buyers to retake the lead, they need to push the rate back towards $2.40. Only then could we potentially see a continuation of the medium-term upward trend.

XRP is trading at $2.2160 at press time.

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2024-12-23 16:30