XRP Price Prediction for July 6

Most of the coins have returned to the green zone on the last day of the week, according to CoinMarketCap.

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Top coins by CoinMarketCap

XRP/USD

The rate of XRP has risen by 2.13% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of XRP is on the way to the local resistance of $2.2849.

If the daily bar closes around that mark, there is a chance of a test of the $2.30 zone tomorrow.

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Image by TradingView

On the bigger time frame, the rate of XRP is approaching the resistance of $2.3293. If a breakout happens, the accumulated energy might be enough for a blast to the $2.35-$2.45 range.

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Image by TradingView

From the midterm point of view, the price is in the middle of the wide channel between the support of $1.7711 and the resistance of $2.59. As neither side is dominating, any sharp moves are unlikely to happen soon.

XRP is trading at $2.2643 at press time.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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