What to Know:

• XRP faced considerable volatility over the last 24 hours, moving between $2.275 and $2.356. Strong trading volume supported its recovery, according to technical analysis.
• It found crucial support at the $2.275-$2.290 range, with trading volumes spiking to 71.18 million.
• Analysts observed XRP breaking out from a seven-year descending triangle pattern, with some suggesting a price target of $4.43.

Global economic pressures and trade disputes continue to affect the cryptocurrency market. Nonetheless, XRP has demonstrated considerable strength amidst recent capital outflows. Its market capitalization fluctuated from $137.5 billion to $133.39 billion, before stabilizing around $135.86 billion, showcasing ongoing market volatility.

Despite these hurdles, XRP remains above critical support levels, such as the 50-day SMA (Simple Moving Average) at $2.26, indicating underlying strength in its market structure.

Technical Analysis Highlights:

• Price Range: XRP traded between $2.275 and $2.356, reflecting a 3.56% fluctuation over 24 hours.
• Volume Support: There was a notable spike in volume to 71.18 million at the $2.275 mark on May 27.
• Consolidation Pattern: After hitting initial support, prices consolidated prior to renewed buying interest.
• Resistance: Identified at $2.355-$2.356.
• Support Zone: Notable strength at the $2.275-$2.290 range.
• Hourly Volatility: A significant uptick was seen from $2.330 to $2.356 between 13:08-13:18.

External References:

• “Possible Scenarios for XRP Once it Breaks Out of Consolidation: Ripple Price Analysis”, CryptoPotato, published May 26, 2025.
• “XRP price prediction amid over $4 billion in outflows within a day”, Finbold, published May 27, 2025.