XRP Price Prediction For June 17
$XRP is trading at $1.21, down 4.14% in 24 hours, underperforming the broader crypto market. On the weekly chart the token continues to hold the critical $1.13 support level that has contained selling pressure through the current bear market. The larger bearish trend has not yet reversed and no structural confirmation of a bottom has arrived.
The Pattern Forming on the Four Hour Chart
A double bottom pattern, also known as a W pattern, is developing on the four-hour $XRP chart at a resistance zone between $1.18 and $1.19. $XRP is currently struggling to close convincingly above that level, producing candles that briefly push through but fail to hold.
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