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$XRP XRP Coin Price Fails To Break Out Of Its Resistance Zone:

Amid increased volatility, Ripple’s XRP crypto has recorded a constant price fluctuation by adding 0.25% within the past day but recording a correction of 3% over the past week. Moreover, it added 4.35% in May but has a YTD of -15.59%, indicating a mixed price sentiment for the XRP Price.

XRP Price Analysis

The Cross EMA 50/200-day acts as a resistance to the price chart, highlighting increased selling pressure for the Ripple price in the crypto market.

The technical indicator, MACD, displays a constant flatline with its averages showing a neutral trend. This highlights uncertainty in the future price action of this altcoin.

Suppose, the bulls regain momentum. In that case, the XRP coin price will surpass its resistance level of $0.5340 and retest its important resistance zone. However, a weak price action could result in the Ripple token plunging toward its crucial support level of $0.480 in the coming time.