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XRP Price Prediction: Long-term (XRP) Value Forecast – June 8

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  • On the upside, if the price is sustained above the EMAs, a bullish break at the $0.46 price level will see the crypto rally above the $0.50 price level.
  • On the other hand, a bearish break at the $0.40 price level will depreciate the coin to a low at either $0.32 or $0.38 price level.

XRP /USD Price Long-term Trend: Bullish

  • Supply levels: $0.44, $0.46, $ 0.48
  • Demand levels: $0.40, $0.38, $0.36

The XRP/USD pair is still in the bullish trend zone. Since on May 15, the bulls had been battling to overcome the $0.46 overhead resistance level. In the last three weeks, the XRP market had been trading in the bullish trend zone. In a nutshell, the bulls tested the $0.46 on two occasions. On May 15, after the bull’s resistance, the XRP market was on a downward correction to the support of the 12-day EMA. While at the support of the 12-day EMA, the bulls made an upward move and retested the $0.46 overhead resistance. The price fell to the support of the 26-day EMA.

On the upside, if the price is sustained above the EMAs, a bullish break at the $0.46 price level will see the crypto rally above the $0.50 price level. On the other hand, a bearish break at the $0.40 price level will depreciate the coin to a low at either $0.32 or $0.38 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

XRP’s price is $0.42 XRP/USD exchange rate today. The real-time XRP market cap of $17.72 Billion currently ranks #3 with , daily trading volume of $478.84 Million and live coin value change of XRP -1.37 in the last 24 hours.

Latest Ripple Industry News and XRP Coin Analysis Updates

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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