Price Analysis Dec 16: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM

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If the bears sink the price below $7,000, the possibility of a decline to the critical support at $6,512.

The bears have once again broken below the support at $143.259 and Ether is likely to dip to the next support at $131.484.

XRP/USD. The failure of the bulls to propel the price above $0.22 on Dec. 14 attracted sellers.

XRP has resumed its down move to the next support at $0.20041.

EOS can now drop to the next support at $2.4001.EOS USD daily chart.

There is minor support at $13.88 from where the price had bounced on Nov. 25.

The traders can initiate long positions above $16.50, as suggested in our earlier analysis.

With no buying support, the bears will try to sink the price to $78.506.

If the bulls again fail to propel the price above $1.65, the possibility of a drop to the 20-day EMA and below it to the 50-day SMA increase.

Unless the price turns around from the current levels and sustains above $0.051014, the downtrend will continue.