| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107266.3600000000 |
| ETH | $2432.2520000000 |
| BNB | $647.7749800000 |
| XRP | $2.1829930000 |
| ADA | $0.5647630000 |
| SOL | $150.6752000000 |
| DOGE | $N/A |
| DOT | $3.4017000000 |
| LTC | $86.1360000000 |
| LINK | $13.3466700000 |
Category: CRYPTO NEWS
The post More XRP Metrics are Suggesting a Potential $3 rally in June appeared on BitcoinEthereumNews.com. Key takeaways: XRP onchain data and chart setups converge on the $3 target. Spot taker CVD has flipped positive, suggesting confidence among buyers. XRP/BTC hints at a potential 70% rally. XRP (XRP) is flashing multiple technical and onchain signals, suggesting that a rally to $3 is possible this month. Here are several charts making the case for a near-term breakout. XRP falling wedge pattern targets $3.20 The weekly chart shows XRP price trading with a falling wedge pattern, with the price facing resistance from the pattern’s upper trendline at $2.43. A weekly close above this area will clear that path for XRP’s rise toward the wedge’s target at $3.20, representing a 45% increase from the current price. BTC/USD three-day price chart. Source: Cointelegraph/TradingView Falling wedges are typically bullish reversal patterns, and XRP’s continued consolidation within the pattern’s trendlines suggests that the upside is not over. Price is also riding above all the major moving averages, a key trend signal. Ascending XRP price triangle targets $3.50 Data from Cointelegraph Markets Pro and TradingView shows XRP trading within an ascending triangle in the daily timeframe, as shown in the chart below. The price needs to close above the resistance line of the prevailing chart pattern at $2.60 to continue the upward trajectory, with a measured target of $3.50. Such a move would bring the total gains to 60% from the current level. XRP/USD daily chart. Source: Cointelegraph/TradingView The triangle formed after a 70% recovery to $2.65 from a multimonth low of $1.61 reached on April 7. This suggests that XRP price could be coiling before resuming its uptrend. As Cointelegraph reported, XRP must hold above the $2 psychological level to avoid a deeper drop toward the next likely support at $1.70. The price has held above this level since April 11, suggesting…
2025-06-06T02:43:09+00:00