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XRP Bounces Back as Bulls Defend Key Technical Support
Market cap swings nearly $4B as XRP weathers capital outflows, holding firm above 50-day SMA despite global economic headwinds.
Updated May 27, 2025, 6:52 p.m. Published May 27, 2025, 5:16 p.m.
What to know:
- XRP experienced significant price swings in the past 24 hours, ranging from $2.275 to $2.356, with strong volume support triggering recovery, according to CoinDesk Research's technical analysis data model.
- The cryptocurrency found key support at the $2.275-$2.290 level, with trading volume spikes reaching 71.18M during recovery phases.
- Recent technical analysis shows XRP breaking out of a seven-year descending triangle pattern, with some analysts setting a potential price target of $4.43.
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.
STORY CONTINUES BELOW
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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.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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