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XRP Price Prediction for June 11

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Tue, 11/06/2024 - 10:39
XRP Price Prediction for June 11
Cover image via U.Today

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The correction of most of the coins is continuing, according to CoinMarketCap.

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Top coins by CoinMarketCap

XRP/USD

The rate of XRP has declined by almost 2% since yesterday.

Image by TradingView

Even though the trend is bearish, the price of XRP has made a false brekaout of the local support level of $0.4793. If the daily bar closes far from it, there is a chance to see a test of the resistance by tomorrow.

Image by TradingView

On the bigger time frame, the rate of XRP keeps going down after yesterday's bearish closure. If the bar closes near $0.48 or below it, the decline is likely to continue to the $0.46 zone.

Image by TradingView

From the midterm point of view, the picture is quite similar. The price has once again failed to fix above the vital zone of $0.50. If buyers cannot seize the initiative by the end of the week, one can expect a test of the resistance of $0.4309 soon.

XRP is trading at $0.4859 at press time.

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