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Guide & Analysis

XRP may return to the Top 3 by the end of May!

What does XRP need to return to the Top 3?

May 27 began with a relatively positive price climate, as some altcoins returned to the green zone. Today’s main winner is XRP. The currency rate increased by 0.74% in the last 24 hours.

As most currencies are trading on a sideways trend, the total cryptocurrency capped brand remained largely unchanged. The current index is $ 246 billion.

XRP may return to the Top 3 by the end of May! 25

The relevant data for XRP are as follows.

  • Name: XRP
  • Ticker: XRP
  • Market capitalization: US $ 8 624 797 097
  • Price: $ 0.195517
  • Volume (24h): $ 1,546,826,083
  • Change (24h): 0.88%

This data is relevant at the time of printing.

XRP / USD: how quickly can XRP return to the top 3?

While Bitcoin (BTC) and most altcoins are being traded sideways, XRP is not missing a chance, up 0.74% since yesterday. However, the currency lost more than 4% last week.

XRP may return to the Top 3 by the end of May! 26

On the hourly chart, the XRP looks quite positive. The currency is slowly approaching the local resistance level at $ 0.1960. In addition, their trading volume has remained at the same level, which means that sellers will not dump the rate in their current zone. If a lateral trend in most currencies continues, the XRP could reach $ 0.1960 by the end of the day.

XRP may return to the Top 3 by the end of May! 27

On the 4-hour chart, neither bulls nor bears took advantage of the initiative, from a short-term perspective. The trading volume of purchases is higher than the average and the level of liquidity.

In this case, the most likely result is a consolidation in the yellow range between $ 0.1950 and $ 0.1980 by the end of the month.

XRP may return to the Top 3 by the end of May! 28

On the daily chart, bearish sentiments appeared. The trading volume is not decreasing. However, buyers are not willing to buy. In addition, we can see a large triangle pattern with an end point at $ 0.18. If the decline continues, traders can expect to gain that support in the early part of June 2020.

Image from Arek Socha per Pixabay

Source: U.Today

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