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The cryptocurrency market is facing a bounce back at the end of the week, according to <a href="https://u.today/shib-price-prediction-for-may-11" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="1620bb44-5d19-400e-85b8-bb4e679dcc5e" src="https://u.today/sites/default/files/inline-images/top10_1111.png">XRP chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
The price of XRP has almost not changed since yesterday. <img data-entity-type="file" data-entity-uuid="d669beaf-c244-4564-9806-3c50bfdcc665" src="https://u.today/sites/default/files/inline-images/xrp1_154.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly time frame, the rate of XRP has once again touched the support of $0.5032. In case of a breakout, there is a chance to see a test of the $0.5020 zone soon. <img data-entity-type="file" data-entity-uuid="3438ac06-14ea-4ea7-b708-72a797e203de" src="https://u.today/sites/default/files/inline-images/xrp2_148.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily chart, the price has made a false breakout of yesterday's candle peak. If the bar closes near its low, traders may witness an ongoing drop to $0.50 next week. <img data-entity-type="file" data-entity-uuid="99550629-4e5d-49e1-8b45-54f64762fba0" src="https://u.today/sites/default/files/inline-images/xrp3_143.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, buyers have failed to maintain the rise after the previous bullish bar.
In this regard, a test of the nearest support level of $0.4780 is likely to occur.
XRP is trading at $0.5033 at press time.

XRP Price Prediction for May 12

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