XRP Price Analysis for May 28

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Dis­claimer: The opin­ion expressed here is not invest­ment advice – it is pro­vid­ed for infor­ma­tion­al pur­pos­es only. It does not nec­es­sar­i­ly reflect the opin­ion of U.Today. Every invest­ment and all trad­ing involves risk, so you should always per­form your own research pri­or to mak­ing deci­sions. We do not rec­om­mend invest­ing mon­ey you can­not afford to lose.

The rise is like­ly to con­tin­ue as the rates of most of the coins are grow­ing.

Top 10 coins by CoinMarketCap

Top coins by Coin­Mar­ket­Cap

XRP/USD

The rate of XRP has risen by 0.20% over the last 24 hours.

XRP/USD chart by TradingView

Image by Trad­ingView

On the local chart, the price of XRP is falling after a test of the resis­tance at $0.4740. If the decline con­tin­ues, there is a high pos­si­bil­i­ty to see a decline to the sup­port lev­el at $0.47. Such a sce­nario is rel­e­vant until tomorrow.

XRP/USD chart by TradingView

Image by Trad­ingView

On the dai­ly chart, the sit­u­a­tion has almost not changed since yes­ter­day. Volatil­i­ty has declined, which means that nei­ther bulls nor bears are ready to seize the ini­tia­tive yet.

A fur­ther upward move might only hap­pen if the rest clos­es above the $0.48 area.

XRP/USD chart by TradingView

Image by Trad­ingView

From the midterm point of view, one should focus on the week­ly bar clo­sure. If it occurs above the pre­vi­ous high at $0.4754, the rise may con­tin­ue to the zone around $0.50.

XRP is trad­ing at $0.4719 at press time.

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