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Category: Crypto News, News

XRP Price Prediction for June 9

By Published On: June 9, 20241.1 min readViews: 630 Comments on XRP Price Prediction for June 9


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Neither bulls nor bears are dominating at the end of the week, according to CoinStats.

XRP chart by CoinStats

XRP/USD

The rate of XRP has almost not changed since yesterday.

Image by TradingView
On the hourly time frame, the price of XRP has made a false breakout of the local resistance of $0.4949. If the daily bar closes far from that mark, one can expect a drop to the $0.4910-$0.4920 zone tomorrow.

Image by TradingView
On the bigger chart, traders should focus on the level of $0.49. If the candle closes below it, the decline may lead to a test of the $0.48 range.

Such a scenario is relevant until the end of next week.

Image by TradingView
From the midterm point of view, the bar is about to close far from the support and resistance levels. If that happens, traders may witness ongoing sideways trading around $0.50.

XRP is trading at $0.4941 at press time.

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