XRP (XRP) Price Prediction for May 16
The XRP price today is trading near $2.49 after rejecting from the $2.65 resistance zone earlier this week. This pullback follows a sharp rally from the sub-$2.20 levels, placing XRP in a short-term correction phase as bullish momentum appears to fade. The price action shows signs of consolidation between the $2.48 and $2.65 range — a structure that may decide whether XRP resumes its climb or retreats toward deeper support.
The 4-hour chart confirms this rejection, with price now forming lower highs beneath a descending trendline. On the higher timeframes, XRP remains above its long-term breakout trend from early May, which emerged after breaking past the $2.20–$2.30 resistance zone.
XRP Price Action Shows Bearish Divergence Across Lower Timeframes
Looking at the 30-minute chart, XRP price action has weakened considerably after failing to hold above $2.60. RSI now hovers at 32.1, signaling oversold conditions on the intraday scale. Meanwhile, MACD remains negative with widening histogram bars, reflecting continued bearish pressure.
The short-term structure has brok…
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XRP (XRP) Price Prediction for May 16
The XRP price today is trading near $2.49 after rejecting from the $2.65 resistance zone earlier this week. This pullback follows a sharp rally from the sub-$2.20 levels, placing XRP in a short-term correction phase as bullish momentum appears to fade. The price action shows signs of consolidation between the $2.48 and $2.65 range — a structure that may decide whether XRP resumes its climb or retreats toward deeper support.
The 4-hour chart confirms this rejection, with price now forming lower highs beneath a descending trendline. On the higher timeframes, XRP remains above its long-term breakout trend from early May, which emerged after breaking past the $2.20–$2.30 resistance zone.
XRP Price Action Shows Bearish Divergence Across Lower Timeframes
Looking at the 30-minute chart, XRP price action has weakened considerably after failing to hold above $2.60. RSI now hovers at 32.1, signaling oversold conditions on the intraday scale. Meanwhile, MACD remains negative with widening histogram bars, reflecting continued bearish pressure.
The short-term structure has brok…
The post XRP (XRP) Price Prediction for May 16 appeared first on Coin Edition.
Read More