๐ฅ STRONG MOVES BY XRP & ETH: 24H PERFORMANCE AND JUNE FORECAST ๐
In the last 24 hours, both $XRP and Ethereum ($ETH ) have shown promising movements on Binance, capturing tradersโ attention once again.
XRP, the token powering Ripple's cross-border payment ecosystem, experienced a sharp upward swing of over 5%. This move was likely fueled by renewed optimism surrounding Ripple's ongoing legal clarity and increased transactional volume across Asia. Bulls have regained short-term control, pushing the price closer to the $0.55 resistance zone. If this momentum continues, XRP could potentially hit the $0.60โ$0.65 range before the end of June, especially if positive regulatory or institutional news breaks.
On the other hand, Ethereum (ETH) continues to display solid strength. It posted a 3.2% increase in the last 24 hours, bouncing from recent support at $3,320 and approaching a key psychological resistance at $3,500. ETHโs performance is being buoyed by the growth in decentralized applications and anticipation around Ethereum ETF developments. Analysts expect ETH to challenge the $3,800 level by the end of June if the bullish sentiment and accumulation continue.
Both XRP and ETH are riding a broader altcoin wave fueled by improved market sentiment and increased trading volumes. Traders are advised to watch key support and resistance levels as volatility remains high.
In conclusion, the current momentum suggests that XRP could aim for $0.60+, and ETH might push toward $3,800 by month-end. However, any sudden macroeconomic shifts or market corrections could temper these gains. For now, both coins are looking technically healthy, with bulls in control.