XRP Price Prediction For May 23

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The cryptocurrency market has been quite active lately, but XRP’s price hasn’t moved as much as some other coins — at least for now. However, XRP is known for quick, unexpected moves and it is holding steady at an important support level on the daily chart. At the time of writing, XRP is trading at $2.45.

XRP has recently shown signs of strength. Last week, it experienced a small pullback and sideways movement due to a bearish divergence. But now, the RSI indicator is moving up, suggesting this weakness might be over — especially while Bitcoin and other altcoins are bouncing back.

At the moment, XRP is holding within a price range between $1.57 (April low) and $3.40 (recent high). The price has not yet shown a clear breakout in either direction. Analysts suggest this range could develop into a triangle pattern or other formations over time.

Short-Term XRP Analysis

In the shorter time frame, XRP is trading between $2.15 and $2.31 as support, and $2.48 to $2.61 as resistance. The price is currently moving sideways within this range, and traders are watching for a possible breakout above $2.62. If this happens, it could be the first sign of a bigger rally ahead.

As long as XRP holds above its recent Monday low, the short-term trend remains positive. There’s a chance we could see a quick jump toward the $3.30–$3.40 zone, especially if Bitcoin and the broader market continue to gain momentum.

What to Keep an Eye On

If XRP breaks below $2.31 and then $2.28, it might suggest that the latest short-term rally has ended, and the price could drop toward the $1.79–$2.60 region before finding new support.

Overall, even though XRP is currently moving within a tight range, the bigger picture remains bullish — with no major signs of a long-term top forming just yet.