XRP Price Prediction for May 27

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U.Today
05-27

An ongoing upward move remains the most likely scenario, according to CoinStats.

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XRP chart by CoinStats

XRP/USD

The price of XRP has increased by 0.39% over the last day.

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Image by TradingView

On the hourly chart, the rate of XRP is on its way to the local resistance of $2.3543. 

If growth continues, one can expect a level breakout, followed by further rise to the $2.40 zone.

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Image by TradingView

On the bigger time frame, the price of XRP has bounced off the support of $2.2660. If the daily bar closes near resistance, traders may witness a test of the $2.45 area.

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Image by TradingView

From the midterm point of view, the rate of the altcoin is far from key levels. In this case, there are low chances of seeing sharp ups or down soon.

XRP is trading at $2.3316 at press time.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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