The cryptocurrency market is relatively in consolidation, with Bitcoin teetering between $40,000 and $37,000. Ethereum continues to struggle with the uptrend, especially with support at $2,400 lost. Most crypto assets are red apart from some selected altcoins such as Theta Network and Theta Fuel.
Ripple:-
The cross-border money transfer token has extended the consolidation period to the end of the week. Its narrow range spans from $0.8 to $0.9. However, the 50 Simple Moving Average (SMA) caps the immediate upside at $0.85.
XRP teeters at $0.84 at the time of writing as bulls focus on lifting beyond $1. The sideways price action is mainly emphasized by the Moving Average Convergence Divergence (MACD) indicator as it levels at the zero line. This technical too does not have defined bearish or bullish signals, insinuating that the prevailing indecisiveness may spill into the weekend session.
Closing the day above the 50 SMA may validate the bullish leg toward $0.9, but the breakout to $1
Źródło: https://coingape.com/ripple-dogecoin-price-forecast-june-18-2021/
