XRP Price Prediction for June 23
A new week has begun with an ongoing market correction, according to CoinMarketCap.
XRP/USD
The price of XRP has declined by 1.6% over the last 24 hours.
On the hourly chart, the rate of XRP is falling after a breakout of the support of $2. If the daily bar closes below that psychological mark, the decline is likely to continue to the $1.98 zone.
On the дщтпук time frame, the picture is also bearish as the price is coming back to the support of $1.9223.
If bulls cannot seize the initiative, the test of that level may happen by the end of the week.
From the midterm point of view, it is too early to make any distant predictions as the week has just started. In this case, traders should focus on the nearest area of $2. If the candle closes below it, an ongoing drop remains the more likely scenario.
XRP is trading at $1.9959 at press time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The rate cut illusion is shattered, the AI bubble is shaking, and Bitcoin leads the decline: this round of plunge is not a black swan, but a systemic stampede.
Global markets experienced a systemic decline, with U.S. stocks, Hong Kong stocks, A-shares, bitcoin, and gold all falling simultaneously. The main reasons were a reversal in Federal Reserve rate cut expectations and Nvidia's positive earnings failing to boost prices. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.
Bitcoin drops from 120,000 to 90,000: I didn’t sell at the top, but these five major signals tell me—the bull market isn’t dead yet
Bitcoin's price has recently dropped sharply, causing panic in the market. However, comprehensive analysis indicates this is a short-term bearish correction rather than a full-scale bear market, and the long-term bull market may continue until 2026. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
From "Too Early" to "Just Right": Polkadot Is Welcoming Its Perfect Timing!
Trending news
MoreMars Morning News | Nvidia's impressive earnings boost market confidence, while growing divisions in the Fed minutes cast doubt on a December rate cut
The rate cut illusion is shattered, the AI bubble is shaking, and Bitcoin leads the decline: this round of plunge is not a black swan, but a systemic stampede.
Crypto prices
More
