XRP Price Prediction for May 31: Analysis of Weekend Market Trends

As the weekend begins, a significant dip in cryptocurrency prices is evident, according to data from CoinMarketCap. Analyzing XRP’s hourly chart reveals a 1.93% decline over the past day. The price is currently near resistance at $2.1533. If bullish momentum prevails and the daily bar closes above this level, an upward trend toward the $2.20 zone is expected. A longer-term view sees XRP bouncing off support at $2.077. If this candle fails to close firmly near that level, a short-term correction to the $2.20-$2.25 range may occur. However, from a mid-term perspective, a false breakout of the $2.59 resistance has led to a decline in price, with potential for further movement towards the crucial $2.00 support zone. XRP is currently trading at $2.1608 as of press time.