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Coin Edition 2025-05-12 06:24:14

XRP Price Prediction for May 12: Will the Bull Flag Breakout Hold Above $2.35?

XRP Price Prediction for May 12: Will the Bull Flag Breakout Hold Above $2.35?

The XRP price today is trading near $2.37 after a sharp breakout earlier this week that pushed it above the long-standing descending trendline. This breakout came following multiple rejections around the $2.15–$2.20 area and was accompanied by a surge in volume—indicating strong buyer conviction. A clean bullish flag structure has emerged on the 4-hour chart, with price now hovering near the midline of the channel and attempting to form higher lows above $2.34. What’s Happening With XRP’s Price? Bullish Breakout Tests Channel Resistance XRP price dynamics (Source: TradingView) On the daily chart, XRP broke above its April trendline and re-entered the $2.35–$2.45 consolidation zone. This level previously served as both support and resistance during multiple testing phases earlier in Q1. The breakout candle on May 9 was aggressive, with price jumping nearly 15% in a single session and setting off the latest XRP price spikes. XRP price dynamics (Source: TradingView) However, price action has turned cautious near $2.47 as bears defended the upper boundary of the flag. A rejection from that level has led to minor retracement—but XRP price volatility r… The post XRP Price Prediction for May 12: Will the Bull Flag Breakout Hold Above $2.35? appeared first on Coin Edition .

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