XRP, BTC and ETH analysis: Will the rise begin?

The cryptocurrency market has left behind a very active month. In May, BTC increased by 11 percent, XRP by 3.40 percent and ETH by 24.83 percent.

The Spot Ethereum ETF agenda has differentiated #ETH from other cryptocurrencies. BTC, shaken by Mt Gox, the US Fed's interest policy and hacking scandals, failed to break the $ 70,000 resistance. XRP, on the other hand, could not make its investors happy.

After all these processes, eyes turned to June. Coinpedia included important details in its chart analysis for XRP, BTC and ETH.

One of the altcoins that crypto investors expected the most and were most disappointed with was XRP. XRP could not make the expected rise in its long-standing upward trend.

Although the lawsuit process with the #SEC continues, #BTC could not reach $ 1 in the scenario where it reached its all-time high. Coinpedia touched on the inadequacy of XRP in its chart analysis for June.

XRP experienced an increase of only 0.25 percent in the past day. The popular altcoin experienced a 3 percent decline and increased volatility last week. XRP, which showed a weak performance compared to other altcoins in May, has lost 15.59 percent in value since the beginning of the year.

According to the analysis, #XRP , 50 and 200-day moving averages act as resistance. This makes the rise of XRP difficult.

MACD, a technical indicator, is trending flat with the average showing a neutral trend. This creates uncertainty about the future mobility of XRP.

If the bulls gain strength, XRP could be seen surpassing the $0.5340 resistance. In this scenario, the $0.60 resistance will play an important role. If the major resistance point at $0.60 is crossed, $0.6575 can be seen.

XRP, which is weakening day by day, may test the $ 0.48 support in a possible decline scenario. #XRP may drop to $0.42 in a short time if this support point is broken.
$BTC $ETH $XRP