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XRP price prediction for June 23

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According to CoinMarketCap, the market is mostly sideways on the last day of the week.

XRP chart by CoinMarketCap

XRP/USD

The price of XRP has fallen by 0.45% in the last 24 hours.

picture of TradingView

On the hourly chart, the price of XRP is close to breaking the local support level of $0.4845. If a breakout occurs, the correction may continue to the $0.4830 area. Such a scenario is relevant until tomorrow.

picture of TradingView

On the larger time frame, there are no important levels nearby. In this regard, one should pay attention to the close of the candle with respect to the low of yesterday’s bar.

If this happens below, the decline could lead to a test of the $0.48 mark.

picture of TradingView

On the weekly chart, the picture is less clear. The weekly bar will close far from its low and its high. This means that neither side has accumulated enough strength for further movement. All in all, sideways trading in the narrow range of $0.47-$0.49 until the end of the month is the more likely scenario.

At press time, XRP is trading at $0.4845.

About the author

Denys Serhiychuk

With more than 5 years of trading experience, Denys has extensive knowledge of both technical and fundamental market analysis. Most importantly, he started his blog on TradingView, where he publishes all the relevant information and makes predictions about the top coins.
His experience is backed by working in leading blockchain companies such as W12, Platinum Listing, ATB Coin and others. You can contact him at [email protected].

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