XRP Price Prediction for May 23: Can Bulls Break Free From the $2.42 Wall?

• XRP price today is hovering around $2.41, facing resistance near the $2.42–$2.45 range.
• Indicators show mixed signals with RSI stable and MACD slightly diverging, pointing to potential sideways-to-bullish bias.
• Key support remains near $2.38, while a breakout above $2.45 could open a path to $2.50–$2.67.

XRP price today is trading near $2.41, holding firm after repeated attempts to clear the stubborn resistance at $2.42. Despite intraday rejections, the bulls continue to defend the $2.38 zone as short-term support. With momentum tightening between key moving averages and Fibonacci retracements, traders are watching closely: why XRP price going up today, and can it break above consolidation or retreat toward lower zones?

The broader structure remains cautiously optimistic, but buyers still need a convincing catalyst to break out of the current congestion.

What’s Happening With XRP’s Price?

The recent XRP price action has been marked by choppy but increasingly higher lows. On the 4-hour chart, XRP is compressing under the red zone of supply capped around $2.45. Despite brief spikes above $2.42, every attempt has been met with selling pressure, suggesting that bulls lack the conviction—or volume—to reclaim this range just yet.

Short-term support is seen around $2.38, coinciding with the 50-EMA and the lower Bollinger Band midline. On the 30-minute chart, XRP continues to oscillate within a narrowing wedge. However, the symmetrical nature of this pattern suggests that a breakout—either up or down—is likely within the next 24 hours.

The question is whether that breakout will come in favor of the bulls.

RSI, MACD, and Momentum Indicators Point to Sideways Strength

Zooming in on momentum, the 30-minute RSI is floating just above the neutral line at 55.06, hinting at balanced sentiment but with a slight bullish bias. The 4-hour RSI echoes this structure, printing near 56, suggesting neither overbought nor oversold conditions.

MACD on lower timeframes remains cautiously positive, with a modest gap between the signal line and the MACD line. Though this doesn’t indicate explosive upside, it does reflect sustained buyer interest above the $2.38 base.

Stoch RSI, however, shows signs of early exhaustion after testing overbought zones multiple times in the last 48 hours. That divergence could slow down momentum unless bulls inject volume and break the $2.45 lid.

The XRP price update thus reflects a market on the verge of decision—supported by bulls, capped by bears, and squeezed between converging technicals.

Key Trendlines and Bollinger Bands Define the Setup

The Ichimoku Cloud on the 4-hour timeframe remains thin and flat, with the price marginally above the cloud. This offers slight bullish control, but the lack of a strong upward curve in the leading span clouds suggests low conviction.

On the daily chart, XRP has printed a sequence of higher lows since rebounding from $2.30 last week. This confirms that buyers are building structure, but the top-heavy resistance band between $2.45 and $2.50—which also aligns with the upper Bollinger Band—continues to pose a significant threat.

Further upside will likely require a clean break and retest of the $2.45 mark, turning it into support. Failing this, XRP could drift back to the $2.38–$2.35 buffer zone, which also aligns with the 0.382 Fibonacci retracement from the larger move.

Short-Term Forecast: Will XRP Price Spike Above $2.45?

Looking ahead to May 23, traders are eyeing a breakout setup as XRP price volatility compresses near the apex of a wedge. If volume surges and price sustains above $2.45, a quick move toward $2.50 and $2.67 (Fibonacci resistance) becomes likely.

Conversely, a failure to hold $2.38 could expose XRP to a pullback toward $2.30 and possibly $2.26.

In terms of sentiment, XRP still trades within a broadly bullish structure on higher timeframes. The consolidation range—despite testing patience—may be offering fuel for the next directional move.

XRP Price Prediction Summary (May 23 Outlook)

XRP price today remains stable and structurally bullish, but May 23 could be a make-or-break session depending on whether buyers can finally conquer $2.45. Until then, the XRP price action remains range-bound, watching for confirmation on either side of the wedge.