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XRP Price Analysis for June 17

Sat, 06/17/2023 - 19:00
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Denys Serhiichuk
How long will rise of XRP last?
XRP Price Analysis for June 17
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Bulls are back in the game, according to CoinMarketCap's ranking.

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Top coins by CoinMarketCap


The rate of XRP has risen by 4.25% over the last 24 hours.

XRP/USD chart by TradingView

Image by TradingView

On the hourly chart, the rate of XRP might have found local support at $0.4770. If the daily candle closes far from that mark, there is a chance to see a test of the resistance at $0.4865 tomorrow.

XRP/USD chart by TradingView

On the daily time frame, the rate keeps rising after a false breakout of the support level at $0.4610. Currently, one should focus on the bar closure.

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If it occurs above yesterday's peak at $0.4826, there is potential for growth to the $0.50 zone.

XRP/USD chart by TradingView

Image by TradingView

From the midterm point of view, the price of XRP is neither bullish nor bearish as the rate is far from the key levels. However, if the price returns above $0.50, traders are likely to see a test of the $0.5783 level by the end of the month.

XRP is trading at $0.4817 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