Share this article
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
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
