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Ripple News: XRP Price Prediction For May 28

Published by
Anjali Belgaumkar

XRP’s price is showing some positive signs, even though it’s still going through a short-term cool-off. At the time of writing, XRP is trading at $2.31 and is eyeing to break some important resistance levels. 

According to the latest analysis, XRP remains in a bullish trend on the daily chart because it continues to form higher lows and higher highs. This kind of price movement is usually seen as a healthy sign in the market.

Meanwhile, the stock market and several other cryptocurrencies have also started to bounce back slightly, which could support XRP’s price in the short term. Adding to this, analysts have noticed the early signs of a bullish divergence on XRP’s 6-hour Relative Strength Index (RSI). 

This happens when the price keeps moving lower or stays flat, but the RSI slowly begins to rise, forming higher lows and higher highs. This is often a signal that the market could soon see a short-term recovery or at least a break from its recent downward trend.

Key Support and Resistance Levels to Watch:

However, it’s important to remember that this signal alone doesn’t guarantee a major rally. It might lead to a small upward move or some sideways price action, giving traders and investors a break from the bearish pressure seen recently.

Looking at the bigger picture, XRP still holds a larger bullish trend on the daily time frame, at least for now. In terms of price levels, XRP is facing light resistance around the $2.35 mark, with more resistance expected at $2.44. The strongest resistance area is currently between $2.55 and $2.62. On the other hand, XRP has significant support between $2.10 and $2.15, along with another key support level close to $2.30.

FAQs

What price will XRP reach in 2025?

XRP could reach up to $5.81 in 2025, supported by institutional demand and Ripple’s growing global adoption.

What is the XRP price prediction for 2030?

By 2030, XRP is forecasted to trade between $17.00 and $26.50, depending on market trends and adoption rates.

Where will XRP be in 2040?

XRP could trade between $97.50 and $179.00 in 2040 if utility grows and crypto becomes widely accepted globally.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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