<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Buyers are still unable to seize the initiative, according to <a href="https://u.today/toncoin-ton-price-prediction-for-may-30" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="aad2ba45-aacd-46de-ab34-9ca5382d7765" src="https://u.today/sites/default/files/inline-images/top10_1148.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 has declined by 0.64% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="90f4f53b-fc34-4fa9-b957-6bd3276d70a6" src="https://u.today/sites/default/files/inline-images/xrp1_159.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 has broken the local support level of $0.5165. The volume has increased, which means there is a good chance to expect a more profound decrease.&nbsp;
In this case, traders may witness a test of the $0.51 zone on the weekend. <img data-entity-type="file" data-entity-uuid="2f2c1a8f-f79f-4eef-bf28-dd1ee54c5a2e" src="https://u.today/sites/default/files/inline-images/xrp2_154.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the price is its the way to the support level of $0.5064. If the bar closes below that mark, the accumulated strength might be enough for a further drop to the $0.48-$0.49 area. <img data-entity-type="file" data-entity-uuid="95753b65-252e-4fd5-aabb-7420de1b45b4" src="https://u.today/sites/default/files/inline-images/xrp3_148.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
Bears are also more powerful than bulls on the weekly chart. Buyers could not keep the rise after the previous candle. If they lose the vital zone of $0.50, one can expect a test of the nearest support of $0.4309.
XRP is trading at $0.5162 at press time.

XRP Price Prediction for May 31

Table of Contents

U_Today

Other articles published on May 31, 2024

ARPA Network Secures $6M Investment to Advance On-Chain Gaming and Cryptographic AI

PEPE Experiences Significant Price Drop

DOGE Price: Can Dogecoin Price Outperform Bitcoin In June?

Senator Lummis Appeals to Biden: Don’t Veto SAB 121 Repeal

Solana (SOL) Eyes $216, Ethereum (ETH) Poised for 20% Upside, and Furrever Token (FURR) Disrupts ...

MoonBag Presale’s 15,000% ROI Projection Leaves Fetch AI and Avalanche in Lunar Dust

Join our free newsletter for daily crypto updates!