XRP Price Prediction – June 3
The Ripple (XRP) remains range-bound but can this latest bullish momentum break above the channel?
Resistance levels: $0.230, $0.240, $0.250
Support levels: $0.180, $0.170, $0.160
At the moment, XRP/USD is trading above the 9-day and 21-day moving averages with a small 1.5% price increase over the past 24 hours of trading as it reaches $0.204. The coin has been bouncing around within a range between $0.24 and $0.228 for the past few weeks of trading. Yesterday, XRP/USD did surge as high as $0.214 but a break out of this triangle could spark a bullish run for the coin and a push beneath the channel could spell disaster for the Ripple.
However, the price is struggling to continue above $0.204. It is currently trading within the symmetric triangle with the support near $0.200. If the price fails … Read more