The post XRP Price Prediction Today: 24th June appeared first on Coinpedia Fintech News
XRP climbed 14% over the past 24 hours to reclaim the $2 mark. The rally came after a ceasefire was announced to ease escalating geopolitical tensions.
The price surge followed a turbulent weekend driven by U.S. and Israeli military activity on Iran, making it a bearish June’s third week. With Monday’s advancement, a new week has begun for XRP price.
XRP Price Prediction For Next 24 Hours
Metric Price (USD) Reason 24H High $2.33 Projected strong resistance level; target if bullish momentum continues. 24H Low $2.08 Key support zone; losing this may break short-term bullish structure. 24H Average Price $2.20 – $2.23 Estimated average based on recovery from $1.90 and current range movement.
XRP Price Dips to Monthly Low Amid Geopolitical Tensions
The 3-hour chart displays the impact of recent geopolitical events that briefly pushed the XRP price below the key multi-day psychological support zone. As a result, XRP price marked June month’s low at $1.90 from $2.33, eroding 18%.
However, the XRP crypto showed immediate recovery on June 23rd.
When writing, the recovery from the “weak low” has pushed XRP price 14% higher to $2.18, with $5.15 Billion 24-hour trading volume and $129.08 Billion market capitalization.
The short-term recovery has changed the short-term trend as it has broken the 20-day and 50-day EMA bands, and as a result, the short-term structure has attained a “Change of Character (ChoCh).”
The reason behind the rise was a short-term bullish conviction developed by ceasefire news. This is also evident onchain, as whale transaction count has increased, and exchange outflow has spiked.
This shows that investors have not panicked as much as they did in the last few months, which is evident in evaluating metrics like age consumed and network realized profit/loss.
This indicates that a lot of buying on the dip happened, then panic selling, and it appears that the short-term rally is not over yet.
7% Move on the Horizon? Key Levels to Watch
There are higher odds that in the next 24-hours, the continued “break of structure (BoS)” could take XRP price towards the short-term trend’s “strong high” at $2.33, Which is a critical resistance level for tomorrow.
While $2.08 would support tomorrow’s price action, retesting this support would shatter short-term bullish conviction, but if it rises, then a 7% big move is likely in the next 24 hours.
