The post XRP Price Prediction For May 24 appeared first on Coinpedia Fintech News
XRP has been cooling off a little in the short term, but the overall market structure still remains bullish. The price is continuing to form higher lows and higher highs on the daily chart — a positive sign for traders and investors.
Current Support and Resistance Levels
At the moment, XRP is finding strong support around $2.30 to $2.34. As long as the price stays above $2.30, the bullish trend remains intact. However, if XRP falls below this level with a confirmed daily candle close, there’s a chance it could drop further toward the $2.10–$2.15 zone.
On the upside, there’s significant resistance at the golden pocket area between $2.55 to $2.62. A clean breakout above this zone could open the doors for a strong upward move.
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What’s Next for XRP?
According to market patterns, XRP is currently following a local uptrend, though without strong momentum just yet. Analysts are watching for a potential five-wave upward move, which could confirm either a short-term rally or the start of a bigger bullish wave.
There are two possible scenarios:
- Orange Scenario (Most Bullish):
XRP needs to form five consecutive waves upward. After the first five waves, a higher low (called Wave 2) would need to hold above the May 19 swing low. If that happens, we could see further upside in Waves 3, 4, and 5, targeting $2.52, $2.58, and possibly up to $2.61. - Blue Scenario (Still Bullish):
This outlook allows for a slightly deeper pullback but remains positive as long as the price stays above the $2.15 support area. Even if a bigger correction happens, the market could recover strongly after.
While XRP’s short-term momentum has cooled slightly, the overall trend is still bullish. As long as the key support at $2.30 holds, the market looks set for a potential climb towards $2.60 and beyond.
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FAQs
XRP is down today due to market sell-offs, regulatory uncertainty, resistance near $2.50, and profit-taking by investors, causing selling pressure.
Some analysts predict XRP could reach targets from $3.20 to $5.00 in 2025, with highly optimistic forecasts even suggesting over $10 or much higher if specific conditions align.
An XRP ETF, if approved, could significantly boost XRP’s price by opening doors for massive institutional capital inflows and increasing market liquidity and confidence.
