XRP is showing signs of early bullish momentum today after bouncing from recent lows. At writing, the token trades at $2.38, posting a 2.45% daily gain, though overall trading volume has dipped slightly by 1.17%. After a strong rally earlier this month and a correction that followed, XRP price now finds itself in a consolidation phase, and the market is watching closely to see if the bulls are ready to push again.
The price remains under the 50-period SMA on the 4-hour chart, currently around $2.44, acting as resistance. Multiple indicators on the hourly chart are flashing Buy, hinting that another move could be building, but buyers must reclaim $2.45 to shift the near-term trend.
What you'll learn 👉
What the XRP Chart Is Showing
The 4H chart shows XRP price had a solid rally from May 7 to May 13, jumping from below $2.10 to a high of $2.65. That move was followed by a steep correction, which sent the price back below the 50 SMA. Since May 18, XRP has been trying to form a base around the $2.30–$2.38 zone, signaling potential for a reversal or more sideways movement.
Price is now hovering just below that SMA resistance at $2.44–$2.45. A confirmed breakout above it could signal bullish continuation. However, failure to hold the $2.30 support area could open the door for a retest of $2.18–$2.20, which was the previous breakout zone.
Technical Indicators (Hourly Timeframe)
| Indicator | Value | Interpretation |
| RSI (14) | 56.45 | Neutral to bullish, room to move higher |
| MACD (12,26) | 0.005 | Bullish crossover, early trend formation |
| CCI (14) | 73.05 | Positive momentum, not overbought |
| Ultimate Oscillator | 52.72 | Mild bullish pressure |
| ROC (Rate of Change) | 1.678 | Steady upward pace |
| Bull/Bear Power (13) | 0.0195 | Buyers slightly in control |
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Indicator Analysis (Textual)
RSI at 56.45 is still below the overbought level, suggesting buyers have more room to work with before any major reversal risk. The MACD shows a small but meaningful bullish crossover, typically a sign that momentum is shifting upward. CCI confirms this with a reading in positive territory, but not yet overheated.
The Ultimate Oscillator remains just above 50, indicating a light bullish bias. Meanwhile, the ROC shows XRP price is picking up speed, while Bull/Bear Power signals a slight buyer advantage, though not aggressive.
XRP Price Forecast for Today (May 20)
1. Pessimistic Case
- Target: $2.18 – $2.30
- If XRP price fails to hold the current zone and selling pressure increases, price could slide back toward the $2.18 support. That would suggest a continuation of the current short-term downtrend.
2. Realistic Case
- Target: $2.38 – $2.45
- Most likely scenario is sideways trading just under the 50 SMA. Technical indicators support a slow buildup of buying interest, but the price needs more volume to break out.
3. Optimistic Case
- Target: $2.55 – $2.65
- If XRP price reclaims the 50 SMA and closes above $2.45, momentum could return quickly. This would likely trigger a rally back toward previous highs from May 13.
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