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XRP Price Analysis for June 14

Wed, 06/14/2023 - 18:00
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Denys Serhiichuk
Has local growth of XRP finished yet?
XRP Price Analysis for June 14
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The rates of some coins keep falling, even though most of them are in the green zone today.

Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap


XRP is the biggest loser today, falling by 4.58%.

XRP/USD chart by TradingView

Image by TradingView

On the hourly chart, the rate of XRP is trading in the middle of the narrow channel, between the support at $0.4979 and the resistance at $0.5101. If the decline continues to the important $0.50 zone, one can expect an ongoing decline to the $0.49 area.

XRP/USD chart by TradingView

Image by TradingView

A bearish situation can be seen on the daily time frame as the candle is about to close below yesterday's low at $0.5050. If that happens, the price of XRP is more likely to test the nearest support at $0.4860. Such a scenario is relevant until the end of the week.

XRP/BTC chart by TradingView

Image by TradingView

The rate of XRP is also falling against Bitcoin (BTC) on the daily chart. At the moment, there are no reversal signals yet, which means the drop is likely to continue.

Bitcoin (BTC) Price Analysis for June 13

Thus, the selling volume is high, confirming bears' power. All in all, one can expect a test of the 0.00001850 zone by the end of the month.

XRP is trading at $0.5042 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at