The terrible collapse of the XRP market on 23 December could not leave aside even people who did not invest in XRP. After waiting more than a year and a half, XRP investors broke free from the shackles of consolidation on 13 November. Feeling euphoric and seeing a bright future with the price of $1 per Ripple, many buyers did not fix their profits. However, as the chart shows, even more buyers at local highs confidently bought the coin. Yesterday's collapse - <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="nofollow noopener">4th in terms of capitalization</a> and 3rd in terms of daily trading volumes was one of the strongest in the crypto market. Unfortunately, our fears expressed in <a href="https://www.cryptoknowmics.com/news/dangerous-xrp-triangle-and-risk-of-the-fall-to-037/">the previous article</a> came true. The critical range of $0.46-$0.48 did not stand. The first XRP price stop really happened at $0.37.

<img class="aligncenter wp-image-183960 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2020/12/XRP-1h.png" alt="XRP" width="1380" height="753" />

As can be seen in the hourly timeframe, it is in this range that increased volumes have been observed. Though, the falling impulse was so strong that a complete price stop was in the range of $0.23-$0.25. Where growth began, there it fell. Of course, the main reason for such a sharp fall was the negative news on XRP. Thus, in a strong market, news plays a short-term role, which is not so clear.
<h2>What Awaits XRP Next?</h2>
Many openly bury this project, speaking of it as "waste material." So far buyers keep the main liquidity zone, showing interest. However, to hold the attack does not mean winning the battle. Looking at the strong falling impulse, near the marks of $0.37 and $0.46 will now expect aggressive sellers to enter the short position. To try to break these marks, buyers should minimize the volume of sellers at current prices, forming a consolidation. An optimistic BTC price scenario may help the XRP market recover. But, the BTC correction to $20,700 could drive XRP investors to a dead end to the mark of $0.14.

<img class="aligncenter wp-image-183961 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2020/12/XRP-1w-1.png" alt="XRP" width="1380" height="753" />

Is XRP Planning to Hibernate Again?

Unfortunately, our fears expressed in the previous article came true. The critical range of $0.46-$0.48 did not stand. The first XRP price stop happened at $0.37.

Peter came to know about cryptocurrencies in 2017 and was instantly enamoured by their massive potential. As he gained more insights about the crypto market, he began writing about it. Peter's daily activity is analysis and forecasting, studying the price movements probabilities, and trying to understand the market inside. He is glad to witness such a phenomenon as cryptocurrency and decentralized finance, and to participate in it.

Is XRP Planning to Hibernate Again?

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