XRP Price Prediction for May 31

It is with a heavy heart that I must report, dear reader, that the majority of our beloved coins have taken a rather unfortunate tumble on this fine Saturday, as noted by the esteemed CoinMarketCap. Alas! 😩

XRP/USD

Upon consulting the hourly chart, one finds that the rate of XRP has experienced a decline of 1.93% over the past day. How dreadfully disappointing! 😒

At present, the price of XRP hovers near the local resistance of $2.1533. Should the bulls muster their strength and the daily bar manage to close above this mark, we might yet anticipate a delightful ascent to the $2.20 realm. Fingers crossed! 🤞

In a broader context, it appears that XRP has recently rebounded from the support level of $2.077. If the candle should close significantly distant from this point, traders may find themselves witnessing a local correction to the range of $2.20-$2.25. How thrilling! 🎢

From a midterm perspective, the price has been on a downward trajectory following a rather unfortunate false breakout of the resistance at $2.59. If the winds of fortune do not shift, we may be looking at a continued descent towards the critical $2 zone. Oh, the drama! 🎭

As of this very moment, XRP is trading at the rather precise figure of $2.1608. Let us hope for better tidings! 🌟

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2025-05-31 16:45