Bitcoin, Ethereum, and Ripple are currently the top three cryptos on the market. Let’s analyze some of their past prices in order to come up with a price prediction for these coins for December 2019.
Bitcoin Price Prediction: Analysis
November proved to be very bearish for Bitcoin, and it seems the coin has started December with the same downtrend. Bitcoin fell from $9,000 values and traded in the latter part of the month between $7,000 and $7,800.
December saw the coin trading at $7,500 and continued the bearish trend as until December 6th, the coin was trading at around $7,200. There were some signs of recovery afterward, as BTC climbed back up to $7,500 the following day and traded around that range until December 9th.
Again, the coin started losing its value. Today, December 13th, Bitcoin is trading at $7,265.21. A possible correction may push the coin to $7600. If it fails to do so, Bitcoin could reach the November low once again.
The latest price rejection hints that there could be a bullish action in the making that could allow buying to $7500 and $7600. Still, the coin needs to break the channel at $7300.
Short-term, Bitcoin looks bearish, and if BTC fails to break $7300, the downward trend may continue.
Bitcoin Price Prediction: Market Opinions
Longforecast predicted that the coin will trade at $7,506, with a maximum price of $7788, a minimum price of $6124, and an average for the month at $7065. The site also predicted that the coin will close the month at $6842, change for December -8.8%.
Digitalcoinprice predicted that in December, Bitcoin will have a price of $11,782.65, with a change of 63.51%.
30rates projected that Bitcoin will have on December, 31, a minimum price of $6208, a maximum of $7142, and a closing price of 6675 dollars a coin.
Coinswitch made a very optimistic Bitcoin price prediction, estimating that BTC will reach $23,500 at the end of the year.
CoinPredictor forecasted that by the end of 2019, BTC will be trading at $11,335.05, with an increase of 9.9%.
Beincrypto forecasted that for December 31, 2019, they obtained different prices by using two methods, with one resulting in a price of $10,600 and the other $8780.
Ethereum Price Prediction: Analysis
Ethereum is also started December on a bearish note. ETH started the month at $152, but now, December 13th, it has trouble maintaining itself at this resistance level. On December 4th, Eth dropped beneath the previous December support at $145 and continued to make a new low at $140.
Since December 10th, ETH has been trading between $140 and $148, failing to get back to $150.
If Ethereum were to go lower than $140, the bearish pressure would push the price to $133.50 (November lows). In order for the coin to see a bullish recovery, the cryptocurrency needs to rise and break the $158 level.
Below $140, initial support is expected at $137 and $133.50. Added support is set at $130 and then at the lower limit of the descending channel. Otherwise, an initial resistance is set around $145.90. Above this value, strong support has been calculated at $152, $158, and $165.
Ethereum Price Prediction: Market Opinions
Longforecast predicted that ETH would have a price of 151 Dollars, a maximum price of $153, a minimum price of $121, and an average price of $139 for the month of the December. The site also calculated that Ethereum would close the month at $132, change for December -12.6%.
30rates’ Ethereum price prediction is that on December, 31st, Ether will have a minimum price of $129, a maximum price of $149, and a closing price of $139.
Coinswitch’s Ethereum price prediction forecasted that ETH would reach the $1449 level at the end of 2019.
Technology expert of Thomas Crown Art, Ian McLeod, predicted that Ethereum might reach something more than $500 by 2019.
CEO Nigel Green of the deVere Group forecasted that Ethereum would hit a price of $2500 by the end of 2019.
TradingBeasts’ Ethereum price prediction for the end of the year is $908, with the average price fluctuating around $650.
Digitalcoinprice predicted that in December 2019, Ether will have a trading price of $225.95, with a change of 57.39%.
Ripple Price Prediction: Analysis
XRP started December at $0,226466, showing a slight recovery after, in November, it traded around $0.221-$0.23 support levels. However, XRP started declining the next day and dipped below the $0.22 level. Until December 5th, XRP struggled to get back to $0.22, but then it broke past successive resistance levels until it reached the newest month high of $0.23 on December 8th.
However, XRP failed to maintain these new values and began slipping again to $0.22.
On December 11th, the Ripple cryptocurrency opened the day at $0.223. The price traded to $0.224, but then it slipped to $0.220 by 1.66%. Also, on December 12th, the currency started the day with a small increase, but then Ripple dropped down to $0.217 by 2.54%. The intraday trading activity of Ripple is speculated to remain uneventful, and the price movement shows no signs of recovery.
If Ripple price manages to get past the $0.2200 resistance level, it could climb back to $0.2240 resistance area (the previous breakdown zone). Should the coin increase past this level, it could reach a $0.2320 resistance level.
But if the coin goes below $0.2200 resistance, it will establish initial support near the $0.2160 and $0.2150 levels.
It seems that XRP is currently in the bearish zone below the $0.2240 and $0.2200 levels, so it is speculated that the price will fall to $0.2100 unless XRP closes above $0.2240.
Ripple Price Prediction: Market Opinions
Longforecast predicted that XRP will have a starting price for December of $0.22. The site estimated that XRP will have in December a maximum price of $0.25, a minimum price of $0.20, an average of $0.22, and a closing price of $0.21, which signifies a drop of -4.5%.
30ates’ Ripple price prediction is that on December, 31st, the coin will have a minimum price of $0.198, a maximum of $0.228, and a closing price of $0.213.
TradingBeasts’s XRP price prediction is that by the end of 2019, the coin will have a trading price of $0.347.
WalletInvestor believes that in December, the coin may drop to $0.04.
Dgitalcoinprice’s forecast for December 2019 is that XRP will have a trading price of $0.35671681, signifying an increase of 61.62 %.
The Daily Express
UK tabloid newspaper, The Daily Express, forecasted that XRP could surge to $5.06 by December 31st, 2019.
We hope that our Bitcoin price prediction, Ethereum price prediction, and our Ripple price prediction will be of help in your future trading endeavors.
Featured image: Yahoo