XRP Price Prediction for May 20
The post XRP Price Prediction for May 20 appeared on BitcoinEthereumNews.com. The market drop has not lasted long, and most of the coins are back to the green zone, according to CoinMarketCap. Top coins by CoinMarketCap XRP/USD The rate of XRP has declined by 1% over the last day. Image by TradingView On the hourly chart, the price of XRP is breaking the local support of $2.3365. If a breakout happens, the decline is likely to continue to the $2.32 zone soon. Image by TradingView A bearish picture can also be seen on the bigger time frame. In this case, traders should focus on the bar’s closure in terms of the $2.2845 level. You Might Also Like If the candle closes below it, one can expect a test of the $2.25 area by the end of the week. Image by TradingView From the midterm point of view, the price of XRP is falling after a false breakout of the resistance of $2.59. If bulls cannot seize the initiative and the candle closes far from that level, the correction may lead to the test of the $2-$2.20 range. XRP is trading at $2.3295 at press time. Source: https://u.today/xrp-price-prediction-for-may-20
The post XRP Price Prediction for May 20 appeared on BitcoinEthereumNews.com.
The market drop has not lasted long, and most of the coins are back to the green zone, according to CoinMarketCap. Top coins by CoinMarketCap XRP/USD The rate of XRP has declined by 1% over the last day. Image by TradingView On the hourly chart, the price of XRP is breaking the local support of $2.3365. If a breakout happens, the decline is likely to continue to the $2.32 zone soon. Image by TradingView A bearish picture can also be seen on the bigger time frame. In this case, traders should focus on the bar’s closure in terms of the $2.2845 level. You Might Also Like If the candle closes below it, one can expect a test of the $2.25 area by the end of the week. Image by TradingView From the midterm point of view, the price of XRP is falling after a false breakout of the resistance of $2.59. If bulls cannot seize the initiative and the candle closes far from that level, the correction may lead to the test of the $2-$2.20 range. XRP is trading at $2.3295 at press time. Source: https://u.today/xrp-price-prediction-for-may-20
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