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XRP Price Prediction for July 6

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Sat, 6/07/2024 - 12:47
XRP Price Prediction for July 6
Cover image via U.Today

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The market might have found a local deep, according to CoinStats.

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XRP chart by CoinStats

XRP/USD

The price of XRP has increased by 8.23% over the last 24 hours.

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Image by TradingView

On the hourly chart, one should pay attention to the local level of $0.4316. If the daily bar closes above it and with no long wick, the rise may continue to the $0.44-$0.45 area soon.

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Image by TradingView

On the daily time frame, the price of XRP is far from the main levels, which means neither side is dominating. Thus, the volume remains low.

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All in all, sideways trading in the area of $0.42-$0.44 is the more likely scenario for the next days.

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Image by TradingView

A similar case is on the weekly chart. The rate is in the middle of the wide channel, getting energy for a further sharp move. In this case, any ups or downs are unlikely to happen soon.

XRP is trading at $0.4335 at press time.

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