XRP's price is stuck in a range. Will it break out or fall back? We analyze the latest trends and predictions for June 28.

XRP Price Prediction, June 28: Sideways Shuffle or Breakout Boost?

XRP's price is currently stuck in a sideways range, bouncing between $2.00 and $2.30. Will it manage a breakout above $2.30, or will it slip below $2.00? Let's dive into the analysis.

Current Market Overview

As of June 28, XRP is hovering around $2.13, slightly above its 9-day moving average. While there's been a minor bounce, buyers haven't shown enough strength to break through the resistance.

What Happened Yesterday?

Yesterday's prediction held true: XRP remained range-bound between $2.00 and $2.30. The market continues its sideways movement without any major shifts.

Technical Analysis

XRP's price is currently testing resistance at $2.20–$2.25, with support around $2.00. A strong candle on June 25 attempted a recovery, but subsequent candles show hesitation from buyers.

Key Indicators:

• CCI: Suggests the market might be getting slightly overheated.
• MACD: Still leaning slightly bearish.

Potential Scenarios

Bullish Scenario:

If XRP breaks above $2.30 with solid volume, a run toward $2.50 is possible. This move hasn't materialized yet.

Neutral Scenario:

Expect more sideways movement between $2.00 and $2.30 until a significant catalyst emerges.

Bearish Scenario:

If XRP falls below $2.00, it could head toward $1.85 or even $1.75 if selling pressure increases.

Altcoin Market Sentiment

The broader altcoin market is showing some negative action, with top tokens recording a negative trend. XRP has maintained its value around the $2.10 mark, displaying a neutral price action with its RSI and MACD indicators.

Final Thoughts

XRP is currently in a state of uncertainty, neither breaking out nor breaking down. Momentum is returning, but indicators suggest a breather might be coming. Traders are likely waiting for a clear breakout to set the tone.

So, will XRP break free from this sideways shuffle? Only time will tell. Keep an eye on those key levels and trade responsibly, folks! Remember, in the wild world of crypto, it's all about staying sharp and managing your risk. And hey, even if XRP decides to take a nap, there's always another crypto adventure waiting around the corner!