CoinDesk 2025-05-27 17:16:44

XRP Bounces Back as Bulls Defend Key Technical Support

Global economic tensions and trade disputes continue to influence cryptocurrency markets, with XRP demonstrating remarkable resilience despite recent capital outflows. 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.