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when

<p>With the completion of another month, XRP hasn’t made any satisfactory improvements in its price. The altcoin is still stuck around the average of $0.5 for months now. XRP had a good rally in 2018, where it rose to a high of $3.84, and has been struggling ever since. The XRP price is struggling despite the semi-bullish market conditions where the user’s sentiments are greedy per the <a href="https://coingape.com/blog/what-is-crypto-fear-and-greed-index-how-does-it-work/" rel="noopener noreferrer nofollow">fear and greed index</a>.</p>
<p>So, is there any chance of a breakthrough for the XRP price? Let us see what the technical factors and analysts have to say.</p>
<h2 id="xrp-price-is-in-critical-stage-of-ups-downs">XRP Price Is In Critical Stage of Ups &amp; Downs</h2>
<p>XRP has managed a 1.14% hike in its price and is currently trading at $0.5198. However, it is still 1.19% down in the weekly data, balancing the gains and the losses. In a month’s interval, the <a href="https://coingape.com/price/xrp/" rel="noopener noreferrer nofollow">XRP price</a> has only moved between $0.55 to $0.49, with $0.55 being the highest. However, today has witnessed a 67% surge in its trading volume of $1,012,239,237, which might help it gain more.</p>
<p><a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/xrp/"><img decoding="async" src="https://coingape.com/wp-content/uploads/2024/06/image-98.png" alt="XRP Price Analysis" width="667" height="372"></a></p>
<p>This XRP price hike comes from the increased whale interaction on the network. Just recently, $ 77 million XRP (worth $40 million) has been moved from the <a href="https://coingape.com/blog/binance-exchange-review/" rel="noopener noreferrer nofollow">Binance exchange</a> to unknown wallets.</p>
<p>On analyzing the XRP charts, the key resistance comes out at $0.5, and the significant support is at $0.47, causing this sideways movement. This is the same pattern that was exhibited in the late months of 2023 when the price moved to a $0.7 mark. The same might happen if the buyers can push the value a little higher to begin the upward movement.</p>
<p>On the other hand, the technical indicators are pointing at the loss of momentum for this cryptocurrency. The <a href="https://coingape.com/glossary/rsi-relative-strength-index/" rel="noopener noreferrer nofollow">Relative Strength Index</a> is below 50, which could initiate a downward trend for XRP.</p>
<h3 id="ripple-s-june-sale-might-push-xrp-price-even-lower">Ripple’s June Sale Might Push XRP Price Even Lower</h3>
<p>Ripple is planning for the biggest crypto sale this month with a 400 Million XRP release in the market. Every month for the last seven years, the network transferred 200 Million XRP to its treasury through the <a href="https://coingape.com/ripple-labs-releases-1-billion-from-escrow-will-xrp-skyrocket/" rel="noopener noreferrer nofollow">Ledger&nbsp;escrow system</a>. But this month, an additional 200 Million XRP has also been moved from a Ripple (35), a dormant account. As a result, June will witness the selling of twice the tokens than usual.</p>
<p>XRP has been in the same price range for years. The analysts believe a major sell-off may get triggered by this increased selling.</p>
<h2 id="final-thoughts">Final Thoughts</h2>
<p>As of now, there are no clear signs of any breakthrough, but a few points can lead to a minor surge in the XRP price. The XRP community is still maintaining its support for the token with expectations on the <a href="https://coingape.com/trending/4-altcoins-to-buy-before-altcoin-season-starts/" rel="noopener noreferrer nofollow">altcoin season</a>, which is supposed to hit the crypto market soon. For now, if the XRP price could hit the March high, it can make decent profits for investors.</p>
<p>Continue Reading <a href="https://coingape.com/trending/heres-how-this-crypto-trader-made-160000-with-trumps-conviction/" rel="noopener noreferrer nofollow">Here’s How This Crypto Trader Made $160,000 With Trump’s Conviction</a></p>
<p>The post <a href="https://coingape.com/trending/will-xrp-price-finally-have-a-breakthrough-in-june/" rel="noopener noreferrer nofollow">Will XRP Price Finally Have A Breakthrough in June?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Will XRP Price Finally Have A Breakthrough in June?

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