<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The market might have found a local deep, according to <a href="https://u.today/ethereum-eth-price-prediction-for-july-5" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="a34fd256-8c59-4719-98b2-01ca7eb23c72" src="https://u.today/sites/default/files/inline-images/top10_1219.png">XRP chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
The price of XRP has increased by 8.23% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="b1259638-db76-4bbc-b87e-64008627c9d6" src="https://u.today/sites/default/files/inline-images/xrp1_169.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, one should pay attention to the local level of $0.4316. If the daily bar closes above it and with no long wick, the rise may continue to the $0.44-$0.45 area soon. <img data-entity-type="file" data-entity-uuid="89e733c2-304d-430e-af11-3a1812a57c7c" src="https://u.today/sites/default/files/inline-images/xrp2_164.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the price of XRP is far from the main levels, which means neither side is dominating. Thus, the volume remains low.
All in all, sideways trading in the area of $0.42-$0.44 is the more likely scenario for the next days. <img data-entity-type="file" data-entity-uuid="d0d9a5f3-5914-4bdc-ac23-d25ddc46456f" src="https://u.today/sites/default/files/inline-images/xrp3_159.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A similar case is on the weekly chart. The rate is in the middle of the wide channel, getting energy for a further sharp move. In this case, any ups or downs are unlikely to happen soon.
XRP is trading at $0.4335 at press time.

XRP Price Prediction for July 6

Table of Contents

U_Today

Autres articles publiés le 6 juil. 2024

LayerZero Eyes 25% Rise: Will ZRO Hit $5 This Weekend?

U.S. Bitcoin Spot ETFs See Record $143.1M Inflows After Price Dip

Toncoin Retains Higher Levels Amid Market Turmoil: What’s Next

TRON Network Sees Surge in Daily Stablecoin Transfers to $13.93B

Telegram's Hamster Kombat Reaches 239M Users, Preps for Blockchain Debut

German Govt Transfers Another 700 Bitcoin Amid Price Recovery

Join our free newsletter for daily crypto updates!