Price analysis of XRP for May 14 has revealed that the majority of coins have decreased in value relative to previous days. XRP has not significantly departed from its value compared to yesterday and is currently trading near the $0.4275 resistance mark. Over the last seven days, though, XRP has been subject to a 7% decrease.

Close inspection of XRP's charts may suggest that buyers have achieved some success in gaining initiative near the aforementioned price region; this might result in the price pushing through to the $0.43 area on the following day. However, if the rate fails to secure a strong fixation above this point, consolidation between $0.42 and $0.44 is the most likely outcome.

Analyzing the weekly chart similarly offers a light prognosis as the price has rebounded from the equal $0.41 rate, yet currently stands to potentially close below $0.4340. Should this develop, the price is likely to remain stagnant in the designated range throughout the remainder of the month.

At the time of writing, XRP has a value of $0.4257.



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