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XRP (XRPUSD) Price Forecast: June 10
The XRP market is positive today. The bulls are gaining strength and will push higher as the crypto recovers and shows bullish signs above the $2.178 supply level. Meanwhile, the coin may likely remain in the same trend and further rise to the $3.000 prior resistance level if all the support holds and the buy traders exert more force into the market. Due to this, the $3.100 upper resistance level and beyond might be a target, offering a vibrant resistance to the crypto price.
Key Levels:
Resistance Levels: $2.296, $2.297, $2.298
Support Levels: $1.950, $1.949, $1.948
XRP (USD) Long-term Trend: Bullish (Daily Chart)
The XRPUSD pair is bullish on the daily chart. The pair remains above the supply level, approaching the upper resistance level, indicating a bullish trend. Hence, the crypto price may continue upward as we are seeing a strong turnout of buyers.
Today, the XRP bulls might push higher as the coin price surges to a $2.295 high level above the moving average shortly after the daily session opened amid an ascending bullish pattern.
Despite the slight uptrend, the XRP price has a prospect of breakout. Should the bulls increase their tension and break above the $3.000 previous high mark, a $3.100 high might be the target for the coin.
Furthermore, the XRP market could see an increase, and a potential upswing would better confirm the bullish recovery if buyers break above the March 2nd high of $3.000.
The post-breakout rally would lead the crypto price toward the upper resistance area, creating excitement among investors.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
The XRP pair is experiencing a jolly bullish move in its medium-term view. The coin price is strongly trading above the moving averages with huge volumes from the bulls, confirming its bullishness. Thus, the recent market structure has favored the bulls.
Today, the market price of XRPUSD at the $2.294 high level above the moving averages as the 4-hourly chart opens implies that the price is in an uptrend, and from the way it is at the moment, the bulls will push higher.
Hence, if the buyers add more energy to their buying momentum, the bullish correction phase might extend to meet the resistance at the $2.480 resistance trend line, reflecting promising growth.
Similarly, the daily stochastic pointing upwards suggests the bulls will push higher. In this case, if all the support holds in place, the price of XRPUSD might jump to the $3.100 upper high level in its medium-term outlook.
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