The post XRP Price Prediction For May 26 appeared first on Coinpedia Fintech News
The price of XRP has been moving quietly without any big changes over the past few days. On the daily chart, XRP recently dropped below an important resistance level at $2.34. Right now, it’s finding some support around $2.30, but it keeps struggling to climb back above $2.34, which has turned into a new resistance point.
If the price can break and stay above this level, the next targets would be around $2.44, and then a stronger resistance between $2.55 and $2.62.
For now, the market is still within a bullish trend, meaning it’s making higher lows and higher highs — but a proper bounce is needed soon to keep that uptrend going.
There’s also a chance that XRP is forming an inverse head and shoulders pattern on the daily chart. If this pattern completes and the price breaks above $2.62, it could push XRP to new highs, possibly even beyond $3. However, this pattern is not confirmed yet
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