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Crypto Market December 20, 2021: Bitcoin and Ethereum Fall As XRP Gets Faster

Crypto market December 20, 2021: Bitcoin price failed to gain strength above the resistance level of USD 48,500. BTC began another decline and traded below $ 47,500. At 04:24 UTC, BTC is showing signs of bearish and risks another drop below $ 46,500.

Likewise, most of the big altcoins will fall. ETH failed to break above $ 4,100 and fell below $ 4,000. On the contrary, XRP started a new rally and broke the $ 0.90 level. ADA is down nearly 5% and could fall to $ 1.20.

Electricity market on December 20, 2021

Cryptocurrency Market December 20, 2021: Bitcoin Price

After a good recovery wave, Bitcoin price encountered resistance near the $ 48,500 mark. BTC began another decline and traded below $ 47,500. The price has fallen 2% and risks falling below the $ 46,500 support. The next big weekly support is near $ 45,500, with a potential drop to $ 43,000 below that.

On the flip side, the initial resistance is at $ 47,500. The main resistance is near the $ 48,500 region, above which the price can rise towards $ 50,000.

Cryptocurrency Market December 20, 2021: Ethereum Price

Ethereum price struggled to break the USD 4,100 resistance. ETH started another decline and traded under the $ 4,000 support. The price is moving down and testing the $ 3,900 level. The next major support is near $ 3,880 below which it is likely to fall to $ 3,650.

If it rises again, ETH could face resistance near USD 4,000. The next major resistance is near $ 4,100.

Cryptocurrency market December 20, 2021: ADA, BNB, SOL, DOGE and XRP prices

Cardano (ADA) is down 5% to trade near $ 1,232. The next major support is near the $ 1.22 level, below which there is a risk of moving towards the $ 1.20 support area.

Binance Coin (BNB) is falling, trading near $ 525. Immediate support is close to $ 520. A break below $ 500 could require testing of the $ 500 level.

Solana (SOL) fell below the USD 180 support. The next major support is near the $ 172 mark. If the bulls fail to defend the $ 172 support, a decline to the main weekly support at $ 165 is possible.

DOGE is falling and trading below $ 0.180. The next stop for the bears could be at $ 0.165. On further losses, the price can drop into the USD 0.150 support area.

XRP price outperformed, rising above the resistance level of $ 0.850. The price is up 9% and is trading above $ 0.90. The next big resistance is near $ 0.920, above which the price can test $ 0.965.

Crypto Market December 20, 2021: Another Altcoin Market

Several altcoins are up more than 5% including DCR, ONE, LUNA, AR, CEL and OKB. Of those, OHM rose 18% to break $ 410.

Overall, Bitcoin price is falling and trading below $ 47,500. The main support is at $ 45,500, below which the bears are likely to surface in the upcoming sessions.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.