Category: Crypto News, News

XRP Price Prediction for June 23

By │Published On: June 24, 2024│1.3 min read│Views: 239│0 Comments on XRP Price Prediction for June 23│


Read U.TODAY on

Google News

The market is mainly trading sideways on the last day of the week, according to CoinMarketCap.

XRP chart by CoinMarketCap

XRP/USD

The price of XRP has fallen by 0.45% over the last 24 hours.

Image by TradingView
On the hourly chart, the rate of XRP is about to break the local support level of $0.4845. If a breakout happens, the correction may continue to the $0.4830 range. Such a scenario is relevant until tomorrow.

Image by TradingView
On the bigger time frame, there are no key levels nearby. In this regard, one should pay attention to the candle closure in terms of yesterday’s bar low.

If it happens below, the fall may lead to a test of the $0.48 area.

Image by TradingView

A less clear picture is on the weekly time frame. The weekly bar is about to close far from its low and peak. It means neither side has accumulated enough strength for a further move. All in all, sideways trading in the narrow range of $0.47-$0.49 is the more likely scenario until the end of the month.

XRP is trading at $0.4845 at press time.

About the author


Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.

Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

Source link

banner image

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Leave A Comment