XRP Price Prediction for June 23
A new week has begun with an ongoing market correction, according to CoinMarketCap.
XRP/USD
The price of XRP has declined by 1.6% over the last 24 hours.
On the hourly chart, the rate of XRP is falling after a breakout of the support of $2. If the daily bar closes below that psychological mark, the decline is likely to continue to the $1.98 zone.
On the дщтпук time frame, the picture is also bearish as the price is coming back to the support of $1.9223.
If bulls cannot seize the initiative, the test of that level may happen by the end of the week.
From the midterm point of view, it is too early to make any distant predictions as the week has just started. In this case, traders should focus on the nearest area of $2. If the candle closes below it, an ongoing drop remains the more likely scenario.
XRP is trading at $1.9959 at press time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
From "higher for longer" to "the new normal for longer": Oil price shocks combined with the AI bond issuance boom, the financial market ushers in the 5% U.S. Treasury yield as the "new normal"
The borrowing costs of governments around the world continue to rise, with investors demanding higher returns to attract them to hold long-term bonds. The increase in US Treasury yields even prompted Treasury Secretary Scott Besant to announce an expansion of long-term Treasury buybacks—but this intervention failed to prevent the 10-year US Treasury yield from surpassing 5%, reaching its highest level in nearly 20 years.
Oil prices and interest rates are rising, but US stocks still trust TACO
Oil prices have surpassed $100, the Federal Reserve is raising interest rates, and tensions in the Strait of Hormuz persist—Wall Street's bet on the "Trump will always back down" TACO trade is facing its most dangerous moment. The unexpected resilience of US stocks has actually reduced Trump's motivation for reconciliation; the real pressure valve lies in bond yields approaching the 4.946% warning line. Behind-the-scenes negotiations are reportedly ongoing, but this time, can the market's patience last until Trump changes course?
Claude leads 26% of R&D, Anthropic raises heated discussion on "AI developing AI" with its "AI slowdown theory"! The RSI training paradigm is catalyzing a major expansion in computing power demand.
Anthropic PBC's Claude chatbot has driven more than a quarter of the company's AI research and development work. The company found that Claude "led" 26% of Anthropic's R&D efforts and collaborated with employees to complete about 90% of the work. Anthropic plans to introduce third-party evaluators within the company and grant them access to internal processes, systems, and data to help track the progress of AI development.
Crypto prices
More
