XRP (XRPUSD) Price Could See More Increase

XRP (XRPUSD) Price Forecast: May 14

The XRPUSD price could increase as the bulls are gaining strength and remain more dominant in the market. The coin price shows signs of recovery after experiencing significant declines in the past few weeks. Based on the outlook, the coin may continue its bullish movement if buyers aggressively increase their activities in the market, and this may break the resistance level at $2.556 to hit the $2.656 upper resistance level and beyond, offering a good entry opportunity for coin buyers.

Key Levels:
Resistance Levels: $2.565, $2.566, $2.567
Support Levels: $2.124, $1.123, $2.122

XRP (USD) Long-term Trend: Bullish (4H Chart)

The XRP price remains steady in a bullish trend and could see more increase as the bulls continue to gain strength, lifting the token to new highs.
The price bars are above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.

The sustained bullish activity to a $2.454 high level in the last session has enhanced the crypto price to see more increase and remain firm above the supply levels in its recent high.

Today, the market price of XRP at the $2.563 supply level above the EMA-50 as the 4-hourly chart opens implies that the price is in an uptrend, and the way it is at the moment, it could see more increase and will keep growing.

The XRP market could see more increase, and a potential upswing would get better confirmation of a bullish recovery if the buyers break above the high of $2.656. The post-breakout rally would lead the crypto price toward the upper resistance area, creating excitement among investors.

Hence, there is a tendency for the XRPUSD to rise further if the support level holds. As a result, buyers might take the token price up to a high of $2.700 in the coming days, as it looks for more increases in its long-term perspective.

XRP (USD) Short-term Trend: Bullish (1H Chart)

The order flow from the bulls has made the XRPUSD price see an increase and remain in upward pressure in the medium-term time frame. The price bars are above the moving averages, confirming the bullish trend.
The bulls’ increase in buying pressure to a $2.482 high level has contributed to the bullishness in its recent high.

Today’s market value of XRP at a $2.563 supply value above the moving averages as the 1-hourly session opens today suggests that the token price could see more increase as buyers remain dominant and the journey up north continues.

Furthermore, if the bullish momentum persists, a breakout above the $2.656 combined resistance with candle closing will signal a strong buy signal for interested traders.

In addition, with the daily stochastic pointing upwards, the XRP market could see if all the support holds in place. Thus, the coin price might jump to the $2.700 upper high level soon in its medium-term outlook.

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