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XRP Price Prediction for April 6
The price of Ripple’s cryptocurrency, XRP, has been on a downward trend over the past week, with a decline of 3.95% since yesterday. The recent bearish momentum is expected to continue in the coming hours.
According to our analysis, if nothing changes by the end of the day, the price of XRP could potentially drop further to the $2.05 range.
The hourly chart indicates that the bearish trend may persist as there are no signs of a reversal yet. Additionally, the weekly chart shows that a further drop is more likely to occur.
It’s worth noting that if the rate fixes below $2.10, there might be an ongoing correction down to the vital $2 area. However, this would require confirmation and could not be considered a certainty at this point.
On the other hand, if the price closes above $2.10, it may signal a possible end to the current decline, and we could see the price stabilize or even rebound.
As of now, XRP is trading at $2.09.
Source: https://u.today/xrp-price-prediction-for-april-6-0
