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XRP Price Analysis for May 10

Wed, 05/10/2023 - 18:15
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Denys Serhiichuk
How great are chances to see rise of XRP soon?
XRP Price Analysis for May 10
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Most of the coins may have found a reversal point, as their rates are rising today.

Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap


The price of XRP has increased by 1.38% since yesterday.

XRP/USD chart by TradingView

Image by TradingView

On the hourly time frame, the price of XRP has failed to fix above the zone of $0.43. However, if buyers manage to seize the initiative and return the rate above that, the accumulated energy might be enough for a resistance breakout, followed by a rise to the $0.44 zone.

XRP/USD chart by TradingView

Image by TradingView

A more bearish situation can be seen on the bigger chart. The price has fixed below the level of $0.4340, which means that buyers are not ready yet to get back in the game. In this regard, the ongoing fall to the $0.40 area is the more likely scenario until mid-May.

XRP/BTC chart by TradingView

Image by TradingView

On the daily chart against Bitcoin (BTC), the rate of XRP is about to close below yesterday's low at 0.00001526. If that happens, the decline may continue even below the zone of 0.000015.

XRP is trading at $0.4289 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at