Is XRP Price Ready To Visit Higher Grounds This December?

The Ripple XRP news today show that the native token of the cryptocurrency project, XRP, is showing mixed signals every day. From the latest updates, analysts are wondering and asking themselves “is XRP price ready to blossom” in the coming days and weeks.

At the end of 2019, everyone is wondering if there is a chance to witness a new uptick in the crypto prices. A top analyst recently noted that the popular altcoin XRP is on the verge of seeing a bout of strong volatility and that the war between bulls and bears is heating up on both sides, creating a tighter price action on all fronts.

So, is XRP price ready to jump and break out from its comfort zone?

Earlier this week, we saw that the Bitcoin Bollinger Bands are starting to consolidate. Even in the $7,000 range, BTC looks stable and may visit $8,000 soon – which is something that is expected in the other altcoin news too.

According to Big Cheds, the tightness of the Bollinger Bands is especially pronounced for XRP and these statistics show that Ripple has not been this tight since March, implying that volatility is well on its way.

$XRP #Ripple daily BBs have not been this tight since March, AKA volatility coming#TheStandard pic.twitter.com/5Ozetn0OPF

— Cheds Trading (@BigCheds) December 14, 2019

So, is XRP price going up soon – and does anyone know the direction that is expected for this altcoin?

Right now, it seems like the price outlook is positive. The popular cryptocurrency analyst CryptoWolf observed the technicals around the altcoin and saw how it is potentially forming an “ascending triangle bottom” which is marked by a series of higher highs, a horizontal upper resistance as well as tightening price action implying a breakout to the upside.

The assertion right now is that XRP is forming an ascending triangle. Analysts agree with this and say that the cryptocurrency is forming a positive price pattern on the medium term chart. They all note that a break about the upper boundary is possible. According to Senor Satoshi, this will result in a 13% surge which will push prices back to where they were before the most recent drop.

#XRP is contained within an ascending triangle.

Breaking the upper boundary will result in a 12.5% surge.

Meanwhile, breaking below the hypotenuse will send $XRP down to $0.198. On the downside, there is strong support around $0.214. pic.twitter.com/YOBNFRNtes

— Ali Charts (@alicharts) December 12, 2019

All in all, the news today show that big is the XRP price potential in the coming days and months. At press time, XRP is trading at $0.2189 with a $9.48 billion market cap.