Looking Ahead: XRP Price Prediction for May 20

The cryptocurrency market has rebounded from recent declines, with XRP experiencing a slight dip in price. According to CoinMarketCap data, the XRP/USD rate saw a decrease of 1% over the past day. Technical analysis suggests potential downside momentum. On hourly charts, XRP is breaking through its local support at $2.3365. A breakout could trigger further decline towards the $2.32 zone if bears gain strength. Longer-term, the price trend shows a bearish outlook. Analysts are closely monitoring the closing of each candlestick on the hourly and daily charts, particularly with the crucial levels of $2.2845 and $2.25 being key points of focus.