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XRP dropped to $0.48 and recovered to nearly $0.50. Analysts predict potential rallies to $1.50 and $6.50-$7.50.
Some foresee short-term declines due to upcoming US CPI data, but expect long-term gains. The RSI metric suggests a possible rebound.Ripple’s XRP has been quite shaky in the past several weeks, with its price dipping by 6% on a 14-day scale. The asset was significantly affected by the latest market correction, dropping to as low as $0.48 on June 7. It reclaimed some lost ground in the following days and is currently trading at almost $0.50 .
However, the negative trend has not stopped bullish analysts from speculating that XRP is on the verge of a substantial price rally. The X user EGRAG CRYPTOLater on, XRP could jump to $6.50-$7.50 should it surpass the Fib 1.618 zone. According to the trader, this is when many investors will start taking profits.
It ranges from 0 to 100, and a ratio above 70 indicates that XRP could be headed for an imminent pullback. The RSI dropped to a multi-low of 22 a few days ago, while currently itWhat is Notcoin ? The Viral Token Coming to The Open NetworkSign-up FREE to receive our extended weekly market update and coin analysis report
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