XRP Price Prediction for May 16

by Lester White

Some coins are making an are attempting to salvage back to the fairway zone, according to CoinStats.

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XRP/USD

The value of XRP has elevated by 1.13% over the final day.

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On the hourly chart, the charge of XRP remains to be below sellers’ tension, as it’s nearer to the crimson meat up than to the resistance level. In this case, there remains to be a possibility to detect a breakout, adopted by a lunge to the $0.51 remark.

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On the bigger timeframe, no longer considered one of many edges is dominating after the previous day’s bullish candle closure.

Respectively, ongoing sideways buying and selling within the zone of $0.51-$0.52 is the more likely scenario till the stop of the week.

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On the weekly chart, the image is rather a similar. If the bar closes around the sleek prices, merchants may maybe well peep a consolidation between $0.50 and $0.54 by the stop of Would perhaps well presumably.

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

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