XRP Price Prediction for June 16

avatar
U.Today
06-16

Most coins from the top 10 list are going up again, according to CoinStats.

Article image
Top coins by CoinStats

XRP/USD

XRP is one of the biggest gainers today, rising by 4.4%.

Article image
Image by TradingView

On the hourly chart, the rate of XRP is near the resistance of $2.2730. If buyers can hold the gained initiative and the daily bar closes around that mark, there is a chance to see a test of $2.30 tomorrow.

Article image
Image by TradingView

On the longer time frame, the price of XRP is going up after yesterday's bullish closure. However, the rate is far from the main levels, which means bulls might need more time to accumulate energy for a further move. 

In this case, sideways trading in the range of $2.35-$2.30 is the most likely scenario.

Article image
Image by TradingView

From the midterm point of view, it is too early to make any distant predictions as the week has just started. But if the bar closes around current prices, there are low chances of seeing sharp moves soon due to the lack of buyers' and sellers' strength.

XRP is trading at $2.2593 at press time.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments