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XRP Price Prediction for June 26

Wed, 26/06/2024 – 15:50

Cover image via U.Today

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Some coins from the top 10 list are bouncing off, according to CoinMarketCap.

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XRP/USD

The rate of XRP has fallen by 0.07% over the last 24 hours.

Image by TradingView

Despite today’s slight drop, the price of XRP is rising after a false breakout of the local support level of $0.4706. If buyers can hold the gained initiative, the upward move may lead to the test of the resistance of $0.4774 by tomorrow.

Image by TradingView

On the bigger time frame, the situation is unchanged from the technical point of view. 

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If the daily bar closes around the current prices, sideways trading in the area of $0.47-$0.49 remains the more likely scenario for the next few days.

Image by TradingView

On the weekly chart, the picture is bearish; however, one should focus on the candle’s closure. If it happens far from the bar’s low, there is a possibility of seeing a bounce back to the $0.48-$0.49 zone.

XRP is trading at $0.4745 at press time.

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