XRP Price Prediction for May 23 — TradingView News
The market keeps setting new local peaks, according to CoinMarketCap. CoinMarketCap”>
The rate of XRP has risen by 0.52% over the last day.TradingView”>
On the hourly chart, the price of XRP is in the middle of the local channel, between the support of $2.41 and the resistance of $2.4799.
As most of the daily ATR has been passed and the volume remains low, there are low chances of seeing sharp moves by tomorrow.TradingView”>
On the bigger time frame, the rate of XRP has made a false breakout of yesterday’s bar peak. If the candle closes far from the resistance, one can expect a correction to the $2.40 zone.TradingView”>
From the midterm point of view, traders should focus on the weekly bar’s closure in terms of the $2.59 level. Until the rate reaches it, sideways trading around the current prices is the more likely scenario.
XRP is trading at $2.4326 at press time.