By Dmitriy Gurkovskiy, author at RoboForex Blog

On Friday, May 15th, the XRP rate is correcting after the recent growth. The cryptocurrency is generally trading at 0.2023 USD.

On D1, XRP/USD keeps forming an uptrend after a correction. Upon correcting from 50.0% Fibo, the quotations are trading near 38.2%. At the current stage, this may signify the end of the pullback and further growth. If the pair breaks away 50.0% Fibo, it has all chance to reach the next step at 61.8% inside the ascending channel. The MACD histogram is in the positive zone, and the signal lines have formed a Golden Cross, which additionally signals the continuation of the uptrend. The goal of the growth is near 0.2584 USD.

On H4, the pair keeps growing inside the ascending channel. It is currently testing 38.2% Fibo. A breakaway of this level will let the price proceed to the next checkpoint of 50.0% Fibo. The Stochastic has formed a Golden Cross, which signals the continuation of the growth. The goal is at 50.0% Fibo.

According to the cooperative…

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Source: https://themerkle.com/xrp-price-analysis-for-may-15th-xrp-switches-to-correction/