XRP (XRPUSD) Price Forecast: June 15
The bulls are gaining strength in the XRP market at the moment as the coin price shows a fundamental growth above the $0.5240 resistance value while facing the upper channel. Thus, if the trending coin closes above a $0.5848 high mark, the accelerated buying pressure may increase the price to reach the $0.9500 upper resistance level, and a potential buy signal.
Key Levels:
Resistance Levels: $0.500, $0.6000, $0.7000
Support Levels: $0.2400, $0.1400, $0.0400
XRP (USD) Long-term Trend: Bullish (Daily Chart)
According to the chart above the XRPUSD pair portrays a bullish market trend in its long-term outlook. The price, wavering above the moving averages indicates the high impact of the bulls in the market.
The sustained bullish pressure was able to push the coin price upside to a $0.5280 high level before the end of yesterday’s session; this has enhanced the crypto’s price to remain firm above the supply levels in its recent high.
The price finds a reliable resistance at the $0.5315 trend line above the moving averages as the daily session begins today, resulting in intraday gains. This will prolong the upward rally and fuel the release of more buy investors into the market.
Additionally, with the buy traders seen clustering around the market as indicated by the daily price signal, the price of XRP is expected to hit the $0.9500 upper resistance mark in the coming days on the daily chart.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
The coin price now trades in the upper channel of the market and confirms a bullish race. This is due to the high impact of the buy investors in the coin market.
The successful push by the bulls to the $0.5280 supply level in the previous action has sustained the coin price above the resistance lines in its recent high.
The impulse move by the buy traders to a $0.5610 high level as the 4-hourly chart opens today indicates more strength in buyers’ commitment.
Further, if the crypto’s price breaks above the current supply trend line, the breakout pattern or rally may lead to a $0.9500 supply mark soon in its medium-term forecast.
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