XRP (XRP) Price Prediction for May 20

XRP price today is trading near $2.31, slipping over 4.8% intraday as bears regain control following a failed breakout above $2.60. The latest XRP price update shows heightened selling pressure below the $2.45 resistance, with lower timeframes signaling continued downside pressure heading into May 20.

What’s Happening With XRP’s Price?

After a volatile mid-May rally that sent XRP price to $2.68, the asset is now retracing sharply toward key support zones. The 4-hour chart shows rejection from a descending trendline intersecting at $2.62, triggering a sharp pullback to the $2.28–$2.31 zone. This region aligns with both a short-term demand block and a former breakout retest zone, which may offer temporary support.

However, XRP price action remains vulnerable as long as bulls fail to reclaim the $2.45–$2.52 supply area. A breakdown below $2.26 would expose the asset to a potential drop toward $2.10 and eventually $1.99—the latter being a confluence of the 100-day EMA and long-term uptrend support from early April.

XRP Price: RSI, MACD Hint At Extended Weakness

Technical indicators paint a bearish short-term picture. On the 30-minute chart, the Relative Strength Index has dropped to 36.6, indicating XRP price volatility is leaning bearish with momentum favoring sellers. Meanwhile, the MACD histogram has dipped further into the red, with the signal line well below zero—signaling weakening bullish control.

In addition, the 30-minute Ichimoku Cloud shows a bearish twist as the price slips below the conversion line ($2.32) and base line ($2.34). The cloud itself is thinning, suggesting reduced bullish momentum, while the Chande Momentum Oscillator reads -37.44—confirming declining price strength.

XRP Price: Bollinger Bands and EMAs Flag a Breakdown

Bollinger Bands on the 4-hour timeframe are expanding, signaling rising XRP price volatility. The price currently sits near the lower band at $2.31, hinting at possible mean reversion. Yet, unless XRP price bounces convincingly above the mid-band ($2.38), the selling bias may persist.

All four major EMAs (20/50/100/200) on the 4-hour chart are stacked above the current price level. The 20-EMA and 50-EMA at $2.39 and $2.35 respectively now act as immediate overhead resistance. This setup confirms the ongoing downtrend and signals that the bounce attempts may face rejection if buyers lack volume strength.

XRP Faces Crossroads Near $2.26 Support

The weekly Fibonacci retracement plotted from the November 2023 low to March 2025 high places the 0.236 level near $2.26, which is acting as a key psychological floor. If bulls hold this zone, a rebound to retest $2.52 or even $2.68 remains possible. Conversely, failure to defend $2.26 could accelerate losses toward $1.91 or even $1.56.

Notably, despite the recent decline, XRP price spikes remain a possibility if macro bullish sentiment returns or a positive SEC-related headline triggers renewed retail interest.

Why XRP Price Going Down Today?

The answer lies in weakening bullish conviction and aggressive profit-taking around the $2.60–$2.68 supply zone. The rally earlier this week was driven by short-term speculation, and with no fresh catalyst, traders are offloading positions near resistance. Lower highs on the 4-hour chart and fading volume indicate distribution rather than accumulation. Additionally, market-wide consolidation across altcoins is pressuring XRP price today to stay defensive.

Short-Term XRP Price Forecast