Technical outlook: A cliffhanger for XRP’s price prediction
Ripple Foundation’s token is on edge. The MACD flashed a bearish crossover on May 20, and the RSI has dropped below 50, signaling increased selling pressure. The chart shows a bear flag forming, hinting at a possible 55% fall to $1.00 if support gives way. Still, the SuperTrend holds at $2.17, acting as a key support zone.
Zooming out, the longer-term view offers hope. A falling wedge is close to completion. If XRP’s price prediction breaks above $2.42 and clears the wedge, it could target $3.40. The RSI rising from 31 to 47 shows that buyers are slowly coming back.
