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XRP Price Prediction for May 16

source-logo  u.today 16 May 2024 16:15, UTC
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Some coins are trying to get back to the green zone, according to CoinStats.

$XRP/USD

The price of $XRP has increased by 1.13% over the last day.

On the hourly chart, the rate of $XRP is still under sellers' pressure, as it is closer to the support than to the resistance level. In this case, there is still a chance to see a breakout, followed by a move to the $0.51 area.

On the bigger time frame, none of the sides is dominating after yesterday's bullish candle closure.

Respectively, ongoing sideways trading in the zone of $0.51-$0.52 is the more likely scenario until the end of the week.

On the weekly chart, the picture is quite similar. If the bar closes around the current prices, traders may witness a consolidation between $0.50 and $0.54 by the end of May.

$XRP is trading at $0.5190 at press time.

u.today