XRP Bounces Back as Bulls Defend Key Technical Support
The digital asset saw its market capitalization fluctuate from $137.5 billion to $133.39 billion before partially recovering to $135.86 billion, highlighting the ongoing volatility.
Despite these challenges, XRP maintains position above critical technical support levels including the 50-day SMA at $2.26, suggesting underlying strength in its market structure.
Technical Analysis Highlights
Price range: XRP traded between $2.275 and $2.356, representing a 3.56% range over 24 hours.
Volume support: Significant volume spike to 71.18M at the $2.275 level during the 01:00 hour on May 27.
Consolidation pattern: Hours following the initial support showed price consolidation before renewed buying.
Secondary volume surge: Another high-volume increase to 74.36M during the 13:00 hour pushed prices toward range highs.
Key resistance: Established at $2.355-$2.356 level.
Support zone: Strong support identified at $2.275-$2.290 range.
Hourly volatility: Notable price surge from $2.330 to $2.356 between 13:08-13:18.
Volume confirmation: Exceptional volume spike of 6.28M at 13:13 supported the rally.
Correction support: Price found support at $2.324 around 13:51 before recovering.
Bullish pattern: Formation of a channel pattern with higher lows suggesting continued positive momentum.
External References
"Possible Scenarios for XPR Once it Breaks Out of Consolidation: Ripple Price Analysis", CryptoPotato, published May 26, 2025.
"XRP price prediction as over $4 billion outflows in a day", Finbold, published May 27, 2025.
"XRP ($XRP) Price Prediction for May 28: Can Bulls Reclaim $2.32 After Prolonged Decline?", Coin Edition, published May 27, 2025.
"XRP Price Prediction For May 27", CoinPedia, published May 27, 2025.
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