XRP Price Prediction for June 6

Neither bulls nor bears are dominating today, according to CoinStats.

XRP chart by CoinStatsXRP/USD

The rate of XRP has fallen by almost 1% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of XRP has made a false breakout of the formed resistance of $2.1840. If the daily bar closes far from that mark, one can expect a correction to the $2.15 range.

Image by TradingView

On the longer time frame, the rate of XRP has once again bounced off the support of $2.0777. However, the price has not accumulated enough energy for an ongoing upward move.

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In this case, sideways trading in the zone of $2.15-$2.25 is the most likely scenario.

Image by TradingView

A similar picture can be seen on the weekly chart. If the candle closes far from the support of $2.0777, buyers may come back to the game, which may lead to a test of the $2.40 mark.

XRP is trading at $2.1796 at press time.