Ripple XRP Price Analysis Dec.24: Following 50% Weekly Increase, What’s Coming Up?

So what’s next for Ripple XRP?

XRP is currently trading 55% above the mentioned support level, and from a closer look (4-hour chart) we can see that for the third time, the $0.27 support level held.
Another thing worth mentioning is that XRP chart didn’t create a higher high, yet, since the third time it touched the $0.27 support level.
In the last 12 hours, XRP broke above the $0.37- $0.395 price level, which is the resistance level that was created by the top of the first-mentioned XRP rally on the 18th of May 2017. The next target for XRP could be found around the $0.45-$0.47 resistance level.
However, we can assume that it wouldn’t be easy for XRP to break-up the $0.47 resistance level on the first try. As of now, XRP is facing the resistance of the 200 EMA on the daily chart.
XRP could consolidate sideways in order to gain momentum for a second breakout attempt, or it could retest the $0.395 resistance-turned support
In a more bearish scenario, lower support lies on the mid-channel support level at $0.3139. If XRP breaks below that level,, then XRP will probably try to test the $0.27 support level one more time, but it is too early to determine that.
Looking at the 4-hour chart: After a nice bullish move, XRP lies in the mid-channel between the $0.45-$0.47 resistance, and the $0.395-$0.37 support level. A breakout to any side will determine the short-term of XRP.
The 4-hour RSI is around the overbought zone with negative diversions signal starting to develop (higher highs on price while lower highs on RSI).