XRP today shows signs of early bruise dynamics after having bounced from recent stockings. During writing, the token is negotiated at $ 2.38, displaying a daily gain of 2.45%, although the overall trading volume has slightly dropped by 1.17%. After a solid rally earlier this month and a correction that followed, the XRP price is now in a consolidation phase, and the market looks closely to see if the Bulls are ready to push again.
The price remains in the SMA of 50 periods on the 4 -hour table, currently around $ 2.44, acting as resistance. Several indicators on the time graph flash the purchase, suggesting that another decision could be built, but buyers must recover $ 2.45 to change the short -term trend.
What the XRP graphic shows
The 4h graph shows that the XRP price had a solid rally from May 7 to 13, from $ 2.10 to a summit of $ 2.65. This decision was followed by a strong correction, which returned the price below the 50 SMA. Since May 18, XRP has been trying to form a base around the area from $ 2.30 to $ 2.38, signaling potential for an inversion movement or more laterally.
The price now oscillates just below this SMA resistance at $ 2.44 at $ 2.45. A breach confirmed above could indicate a bullish continuation. However, non-compliance with the $ 2.30 support zone could open the door to a retain from $ 2.1 to $ 2.20, which was the previous rupture area.
Technical indicators (time period)
| Indicator | Value | Interpretation |
| RSI (14) | 56.45 | Neutral to optimistic, space to move higher |
| MacD (12.26) | 0.005 | Haussier crossing, early trend training |
| CCI (14) | 73.05 | Positive momentum, not surache |
| Ultimate oscillator | 52.72 | Light upward pressure |
| ROC (change rate) | 1.678 | Regular rhythm |
| Bull / Bear Power (13) | 0.0195 | Buyers slightly in control |
Read also: Pi Network Community Divided: Battle of transparency between influencers heats up
Analysis of indicators (textual)
RSI at 56.45 is still below the surachat level, which suggests that buyers have more space to work before any risk of major inversion. The MacD shows a small but significant a bullish crossing, generally a sign that the momentum moves upwards. CCI confirms this with reading in positive territory, but not yet overheated.
The ultimate oscillator remains just above 50, indicating a light bias. In the meantime, the Rock shows that the XRP price increases speed, while The bull / bear power signals a slight advantage of the buyer, but not aggressive.
XRP price forecasts for today (May 20)
1. Fymistic case
- Target: $ 2.18 – $ 2.30
- If the XRP price does not hold the current area and the sales pressure increases, the price could bring to the support of $ 2.18. This would suggest a continuation of the current short term trend.
2. Realistic case
- Target: $ 2.38 – $ 2.45
- The most likely scenario is lateral traffic just under 50 SMA. Technical indicators support a slow increase in the purchase interest, but the price requires more volume to break out.
3. Optimistic case
Follow us X (twitter),, Coinmarketcap And Square For more daily crypto updates.
Read our recent cryptography market updates, our news and our technical analyzes here.
We recommend Etoro
Active user community and social features such as news flows, cats for specific parts available for trading.
Large range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the main traders for free.
Interrupted: the web platform and the Etoro mobile application are user-friendly and easy to navigate.
