XRP, Monero, OM Price Analysis: Is These Altcoins ‘Buy’ or ‘Sell’ in May?

Altcoin markets are flashing mixed signals as several major tokens approach critical technical inflection points.

XRP (XRP) is flirting with a breakdown from a rising wedge pattern, Monero (XMR) faces overbought risks after a vertical rally, and Mantra (OM) continues to consolidate inside a narrow horizontal range. The coming days could define short-term trend direction for all three, especially as broader crypto sentiment cools.

XRP Risks Breakdown from Rising Wedge Pattern

XRP (XRP/USD) appears vulnerable to a sharp pullback after forming a textbook rising wedge pattern on the 4-hour chart.

This bearish reversal setup is characterized by converging trendlines during an uptrend, often signaling weakening momentum and the potential for a breakdown.

XRP trades around $2.29 while hovering near the wedge’s upper boundary. A breakdown below the lower trendline would confirm the bearish structure, potentially triggering a correction toward the $1.89 support level, marked by the base of the wedge formation.

The Relative Strength Index (RSI) is treading around 59.58, indicating room for downside before entering oversold territory.

Meanwhile, XRP remains above its 50-EMA ($2.09) and 200-EMA ($2.17), which could act as interim support. However, a decisive wedge breakdown could negate these support levels in the short term.

OM Price Stagnates Inside Narrow Horizontal Range

Mantra (OM/USDT) continues to trade sideways inside a horizontal range marked by resistance at $0.5865 and support at $0.5006. The token has struggled to regain momentum following its 90% drop in April due to large liquidations across centralized exchanges.

Despite multiple attempts, OM has failed to break convincingly above the $0.53–$0.54 zone, indicating limited bullish conviction. The 4-hour RSI sits near neutral at 45.47, while the price remains below the 50-EMA ($0.6693) and the 200-EMA ($2.83), signaling a bearish bias.

The token may continue consolidating until OM decisively breaks above the range resistance or below support. A breakdown below $0.5006 could open the door toward new lows, while a breakout above $0.5865 would invalidate the bearish thesis.

Monero’s Overbought Rally Faces Pullback Risk

Monero (XMR/USD) surged 40% in a day to tap a multi-month high of $329 on April 28. The rally brought XMR to a key Fibonacci retracement zone between $246 and $292 (0.382–0.5 levels), where sellers typically emerge during bear market recoveries.

Notably, the weekly RSI has overbought territory above 70 for the first time since 2021, raising the likelihood of a near-term cooldown. Historically, XMR has faced selling pressure under similar conditions, especially near major Fib resistances.

If a correction unfolds, the 50-week EMA near $192.54 offers a natural pullback target.

This zone also aligns with prior breakout resistance, increasing its credibility as support. A deeper correction could revisit the 0.236 Fib level near $190, but that would likely depend on broader market risk sentiment.