XRP Price Prediction for April 6

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Written By Maya Cantina
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Sat, 6/04/2024 – 18:00

Cover image via www.tradingview.com

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Buyers are trying to be back in the game, according to CoinStats.

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XRP chart by CoinStats

XRP/USD

The rate of XRP has increased by 2.2% since yesterday.

Image by TradingView

On the hourly chart, the price of XRP is bearish as it is falling after a test of the local resistance level of $0.5923. If the situation does not change by the end of the day, traders are likely to witness a test of the support of $0.5857 soon.

Image by TradingView

On the bigger time frame, the picture remains unclear as the rate is far from the key levels. In this case, any sharp moves are unlikely to happen soon.

All in all, consolidation in the area of $0.58-$0.60 is the more likely scenario.

Image by TradingView

From the midterm point of view, neither side is dominating. However, one should pay attention to the interim level of $0.55. If a breakout happens, the drop may continue to the $0.50 range.

XRP is trading at $0.5883 at press time.

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