A Santa rally in stocks could see Bitcoin and select altcoins join the party but an extended uptrend is unlikely.
) tumbled below the $0.37 support on Dec. 16, indicating that bears have gained the upper hand in the near term. The price could oscillate in a wide range between $0.30 and $0.41 for the next few days.Any relief rally is likely to face stiff resistance at the moving averages and again at $0.41. If bulls want to gain the upper hand, they will have to catapult the price above $0.41. That could start a strong rally to $0.51.
On the downside, the crucial support to keep an eye on is $0.30. If this level cracks, the XRP/USDT pair could start the next leg down. The pair could then extend its decline to $0.25.) reached the important level of $0.07 on Dec. 19 where the bulls stepped in and are trying to arrest the decline. Buyers will try to push the price to the downtrend line while the bears are likely to have other plans.
On the upside, the bulls will have to propel and sustain the price above the downtrend line to attract more buyers. The pair could then rise to the overhead resistance at $0.11.
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