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XRP Price Prediction for May 16

May 16, 2024
Reading Time: 2 mins read
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XRP Price Prediction for May 16

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XRP Price Prediction for May 16
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Some cash try to get again to the inexperienced zone, in response to CoinStats.

XRP chart by CoinStats

XRP/USD

The worth of XRP has elevated by 1.13% during the last day.

Picture by TradingView

On the hourly chart, the speed of XRP remains to be beneath sellers’ strain, as it’s nearer to the help than to the resistance stage. On this case, there’s nonetheless an opportunity to see a breakout, adopted by a transfer to the $0.51 space.

Picture by TradingView

On the larger time-frame, not one of the sides is dominating after yesterday’s bullish candle closure. 

Respectively, ongoing sideways buying and selling within the zone of $0.51-$0.52 is the extra doubtless situation till the top of the week.

Picture by TradingView

On the weekly chart, the image is sort of related. If the bar closes across the present costs, merchants might witness a consolidation between $0.50 and $0.54 by the top of Might.

XRP is buying and selling at $0.5190 at press time.

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