<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
The local decline might have ended on the cryptocurrency market, according to the <a href="https://u.today/bitcoin-btc-price-analysis-for-june-20-0">CoinMarketCap ranking</a>.
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="70d1c8d0-1174-4f71-af9a-6ccf2c1bf877" src="https://u.today/sites/default/files/inline-images/top10_502.png">
Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a>
<h2 id="xrp-usd">XRP/USD</h2>
XRP is one of the least growing coins today, going up by only 2.08%.
<img alt="XRP/USD chart by TradingView" data-entity-type="file" data-entity-uuid="8a21cfc4-478f-48b3-b92b-e5d2a6c2d9b0" src="https://u.today/sites/default/files/inline-images/xrp1_66.png">
Image by <a href="https://www.tradingview.com/symbols/XRPUSD">TradingView</a>
On the local chart, the price of XRP is trading in the middle of the local channel, between the support at $0.49 and the resistance at $0.5030. If the daily bar closes near $0.50 or above that mark, one can expect a blast to the <a href="https://u.today/btc-eth-xrp-sol-and-ltc-price-analysis-for-june-19">$0.51 zone</a> until the end of the week.
<img alt="XRP/USD chart by TradingView" data-entity-type="file" data-entity-uuid="27f7ea3e-6ad7-43d9-8d03-afde970678a9" src="https://u.today/sites/default/files/inline-images/xrp2_61.png">
Image by <a href="https://www.tradingview.com/symbols/XRPUSD">TradingView</a>
On the daily time frame, the price of XRP has tested the interim mark of $0.50. If the false breakout of it happens and the bar closes far from it, traders are likely to see a local drop to the $0.4950 zone. Such a scenario is relevant until the end of the month.
<img alt="XRP/USD chart by TradingView" data-entity-type="file" data-entity-uuid="28ec7d9b-8a54-4036-835b-d05b7d86ac76" src="https://u.today/sites/default/files/inline-images/xrp3_53.png">
Image by <a href="https://www.tradingview.com/symbols/XRPUSD">TradingView</a>
Neither bulls nor bears are dominating on the weekly chart as the rate is in the middle of a wide channel. This means that none of the sides has accumulated enough strength to seize the initiative. In this case, one can expect ongoing consolidation in the area of $0.47-$0.51 for the next few weeks.
XRP is trading at $0.4969 at press time.

XRP Price Analysis for June 21

목차

U_Today

2023년 6월 21일에 게재된 다른 기사

Bitcoin Price Breaks $29,500 Barrier: Latest Developments on Market Dominance

Binance Teases Second Drop of CR7 NFTs, Reveals Key Stats for First Drop

Report: Over 420 million Crypto users globally; US and India top the chart

MultiversX announces liquid staking & lending protocol Hatom as the next startup on xLaunchpad

Bitcoin Market Value Increased by $40 Billion: Is the Target $30,000?

Invesco Makes a Comeback in Bitcoin Space

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!