XRP Price Prediction for May 31
Emily HarrisIs price of XRP ready for reversal?[...]
Cryptocurrency Volatility Continues as XRP Faces Resistance
The cryptocurrency market showed mixed performance at the start of the weekend, with most coins facing downward pressure according to CoinMarketCap data.
XRP, Ripple's native token, remains in focus with its price dropping 1.93% over the past 24 hours. The asset currently struggles near a local resistance level of $2.1533.
While XRP has rebounded from a $2.077 support level, a weak closing price could trigger a local correction toward the $2.20-$2.25 range.
From a mid-term perspective, XRP's price continues to decline following a failed breakout attempt at the $2.59 resistance. This downward momentum may push the token toward the critical $2 support zone if the trend persists.
As of this writing, XRP trades at $2.1608.
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