XRP (XRP) Price Prediction for June 9: Breakout Stalls at $2.28 as Bears Reclaim Control
The recent recovery in XRP price faced a notable rejection near the $2.28 mark, with bulls struggling to maintain momentum above key resistance. While XRP price today sits near $2.22 at the time of writing, broader market cues and fresh downside pressure have shifted short-term sentiment. The question now is whether this pullback marks a healthy retest—or the start of another downward move.
What’s Happening With XRP’s Price?
After a brief breakout attempt above the descending trendline, XRP price action saw a swift pullback from $2.30, reversing gains amid rising supply zones. The weekly chart reveals a series of lower highs since March, with XRP consistently failing to reclaim the 0.618 Fibonacci level near $2.60. On the weekly Fibonacci retracement, XRP continues to consolidate between the 0.5 level ($2.27) and the 0.382 retracement near $2.06, with bulls defending the lower bound for now.
On the 4-hour chart, XRP touched an intraday high of $2.2898 before sliding back below the trendline resistance. Price is now testing the previous breakout region near $2.22–$…
The post XRP (XRP) Price Prediction for June 9: Breakout Stalls at $2.28 as Bears Reclaim Control appeared first on Coin Edition.
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XRP (XRP) Price Prediction for June 9: Breakout Stalls at $2.28 as Bears Reclaim Control
The recent recovery in XRP price faced a notable rejection near the $2.28 mark, with bulls struggling to maintain momentum above key resistance. While XRP price today sits near $2.22 at the time of writing, broader market cues and fresh downside pressure have shifted short-term sentiment. The question now is whether this pullback marks a healthy retest—or the start of another downward move.
What’s Happening With XRP’s Price?
After a brief breakout attempt above the descending trendline, XRP price action saw a swift pullback from $2.30, reversing gains amid rising supply zones. The weekly chart reveals a series of lower highs since March, with XRP consistently failing to reclaim the 0.618 Fibonacci level near $2.60. On the weekly Fibonacci retracement, XRP continues to consolidate between the 0.5 level ($2.27) and the 0.382 retracement near $2.06, with bulls defending the lower bound for now.
On the 4-hour chart, XRP touched an intraday high of $2.2898 before sliding back below the trendline resistance. Price is now testing the previous breakout region near $2.22–$…
The post XRP (XRP) Price Prediction for June 9: Breakout Stalls at $2.28 as Bears Reclaim Control appeared first on Coin Edition.
Read More