2025-5-20 08:48 |
XRP is showing signs of early bullish momentum today after bouncing from recent lows. At writing, the token trades at $2.38, posting a 2.45% daily gain, though overall trading volume has dipped slightly by 1.17%. After a strong rally earlier this month and a correction that followed, XRP price now finds itself in a consolidation phase, and the market is watching closely to see if the bulls are ready to push again.
The price remains under the 50-period SMA on the 4-hour chart, currently around $2.44, acting as resistance. Multiple indicators on the hourly chart are flashing Buy, hinting that another move could be building, but buyers must reclaim $2.45 to shift the near-term trend.
What the XRP Chart Is ShowingThe 4H chart shows XRP price had a solid rally from May 7 to May 13, jumping from below $2.10 to a high of $2.65. That move was followed by a steep correction, which sent the price back below the 50 SMA. Since May 18, XRP has been trying to form a base around the $2.30–$2.38 zone, signaling potential for a reversal or more sideways movement.
Source: TradingView.comPrice is now hovering just below that SMA resistance at $2.44–$2.45. A confirmed breakout above it could signal bullish continuation. However, failure to hold the $2.30 support area could open the door for a retest of $2.18–$2.20, which was the previous breakout zone.
Technical Indicators (Hourly Timeframe) IndicatorValueInterpretationRSI (14)56.45Neutral to bullish, room to move higherMACD (12,26)0.005Bullish crossover, early trend formationCCI (14)73.05Positive momentum, not overboughtUltimate Oscillator52.72Mild bullish pressureROC (Rate of Change)1.678Steady upward paceBull/Bear Power (13)0.0195Buyers slightly in controlRead Also: Pi Network Community Divided: Transparency Battle Between Influencers Heats Up
Indicator Analysis (Textual)RSI at 56.45 is still below the overbought level, suggesting buyers have more room to work with before any major reversal risk. The MACD shows a small but meaningful bullish crossover, typically a sign that momentum is shifting upward. CCI confirms this with a reading in positive territory, but not yet overheated.
The Ultimate Oscillator remains just above 50, indicating a light bullish bias. Meanwhile, the ROC shows XRP price is picking up speed, while Bull/Bear Power signals a slight buyer advantage, though not aggressive.
XRP Price Forecast for Today (May 20) 1. Pessimistic Case Target: $2.18 – $2.30 If XRP price fails to hold the current zone and selling pressure increases, price could slide back toward the $2.18 support. That would suggest a continuation of the current short-term downtrend. 2. Realistic Case Target: $2.38 – $2.45 Most likely scenario is sideways trading just under the 50 SMA. Technical indicators support a slow buildup of buying interest, but the price needs more volume to break out. 3. Optimistic Case Target: $2.55 – $2.65 If XRP price reclaims the 50 SMA and closes above $2.45, momentum could return quickly. This would likely trigger a rally back toward previous highs from May 13.Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
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