Cryptocurrency News & Updates

BTC, XRP, BNB and MATIC Price Analysis for December 24

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Do we expect an Santa surge in the cryptocurrency market during the final hours of Christmas?

The final Friday of week proved to be a positive day in the market for cryptocurrency, as most of the cryptocurrency coins have been in green. The only exception is XRP. from the norm, falling by 1.63 percent..

Top coins by CoinMarketCap

BTC/USD

This morning, the two-hour EMA55 ended the BTC price slide and served as a buffer for the rebound. Then, at the end of the day the bulls broke above the psychological threshold of $50,000, establishing an all-time high for the week at $51,380. The next morning the price was raised above the $51,500 mark.

BTC/USD chart by TradingView

In the daily timeframe on the daily time frame, on the daily time frame, Stoch RSI indicators are bouncing off the charts within the zone of overbought.

If bulls continue to increase the pressure and the price is able to reach the reversal mark of $53,400.

Bitcoin trades at $51,159 as of the time of publication.

XRP/USD

Yesterday yesterday, the XRP price fluctuated between the $0.96 support level and $1 resistance. The price tested the lower border of the indicated corridor and, at the end that day crossed the psychological threshold of $1, establishing the price at $1.016.

XRP/USD chart by TradingView

At the time of writing the pair continues to struggle within a range that is sloping however, in the near future it could be able to test the support of $0.96. If the lower limit of the sideways channel breaks and the pair is unable to move back to the zone that is the 2-hour EMA55.

The price of XRP was $0.9594 as of press time.

BNB/USD

Binance Coin (BNB) is also in line with the bullish trend increasing by 3.54 percent since yesterday.

BNB/USD chart by TradingView

Examining charts for the day, Binance Coin (BNB) could have built up enough energy to warrant an increase. The volume of trading for selling is very low, which implies that sellers are more vulnerable than bulls currently. In the event that the native rate of exchange coin holds above $540, there’s possibility of seeing the testing on the level of liquidity of $582 very soon.

BNB was trading for $546.4 as of press time.

MATIC/USD

MATIC’s rate MATIC is rising more slowly than BNB increasing by 1.73 percent.

MATIC/USD chart by TradingView

Despite the slight increase today, MATIC remains bullish until it reaches the support level of $2.521. The power of buyers is further confirmed by rising volume of trading this means that bulls are eager to push the price up to new heights.

If MATIC can hold higher than yesterday’s peak and the crucial mark of $3 could be reached before the close of the month.

MATIC was trading for $2.557 at the time of writing.

 

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