<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Bears remain powerful as the prices of most of the coins are in the red zone, according to <a href="https://u.today/toncoin-ton-price-prediction-for-may-23" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="7d6c06ab-dd09-44f7-a68e-e943be775e92" src="https://u.today/sites/default/files/inline-images/top10_1134.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
The price of XRP is almost unchanged since yesterday. <img data-entity-type="file" data-entity-uuid="bdfb81fe-e672-4c3a-8928-cf1e286abf49" src="https://u.today/sites/default/files/inline-images/xrp1_157.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of XRP is looking bullish as it is testing the local resistance of $0.5344. If its breakout occurs, the upward move may continue to the $0.5450 zone. <img data-entity-type="file" data-entity-uuid="8d6456bf-ec17-438b-a6b2-a59518400848" src="https://u.today/sites/default/files/inline-images/xrp2_152.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the price is far from key levels. As none of the sides has seized the initiative, there are low chances to expect any sharp moves.&nbsp;
In this case, ongoing sideways trading in the zone of $0.52-$0.54 is the more likely scenario. <img data-entity-type="file" data-entity-uuid="9ed296b8-85cf-44be-af7a-64fee34681e0" src="https://u.today/sites/default/files/inline-images/xr%5B3.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the picture is quite similar. The volume remains low, confirming the absence of buyers' and sellers' energy. Respectively, traders can expect consolidation around $0.54 until the end of the month.
XRP is trading at $0.5351 at press time.

XRP Price Prediction for May 24

Table of Contents

U_Today

Other articles published on May 24, 2024

Just In: VanEck rolls out Ethereum ETF ad minutes post SEC approval

Paris Stock Exchange: CAC 40 climbs despite everything!

The Fair Price of Solana Should Be Much Higher, According to a Crypto Expert: Discover the Most U...

Google’s AI Overview Feature Faces Backlash Over Inaccurate Results

Rabbit AI Refutes Fraud Claims

Immutable, Spielworks, and AtomicHub Collaborate in Web3 Gaming

Join our free newsletter for daily crypto updates!