XRP Price Prediction for July 9

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U.Today
07-09

All coins from the top 10 list are in the green zone today, according to CoinStats.

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XRP chart by CoinStats

XRP/USD

The rate of XRP has risen by 4.26% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of XRP is near the local resistance of $2.4039. If the daily bar closes near that mark, the upward move is likely to continue to the $2.45 range shortly.

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Image by TradingView

On the longer time frame, the rate of XRP has broken the resistance of $2.36. At the moment, one should pay attention to the daily bar's closure. 

If it happens above that mark and with no long wick, there is a high chance of witnessing a test of the $2.45-$2.50 zone by the end of the week.

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Image by TradingView

From the midterm point of view, bulls are getting the rate of XRP back to previous local peaks. If the weekly bar closes around current prices, the accumulated energy might be enough for a move to the resistance of $2.59.

XRP is trading at $2.3886 at press time.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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