XRP Price Analysis for June 17 – Crypto News – Crypto News
Connect with us
XRP Price Analysis for June 17 XRP Price Analysis for June 17

Cryptocurrency

XRP Price Analysis for June 17 – Crypto News

Published

2 years ago

on

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not invest recommending money you cannot afford to lose.

The Bulls are back in the game, according to CoinMarketCap’s ranking,

Top coins by CoinMarketCap

XRP/USD

The rate of XRP has increased by 4.25% over the last 24 hours.

XRP/USD chart by TradingView

Image by TradingView

On the hourly chart, the rate of XRP may have found local support at $0.4770. If the daily candle closes far from that mark, there is a chance to see a test of the resistance at $0.4865 tomorrow.

XRP/USD chart by TradingView

On the daily time frame, the rate keeps rising after a false breakout of the support level at $0.4610. Currently, one should focus on the bar closure.

If it occurs above yesterday’s peak at $0.4826, there is potential for growth to the $0.50 zone.

XRP/USD chart by TradingView

Image by TradingView

From the midterm point of view, the price of XRP is neither bullish nor bearish as the rate is far from the key levels. However, if the price returns above $0.50, traders are likely to see a test of the $0.5783 level by the end of the month.

XRP is trading at $0.4817 at press time.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending