XRP ($XRP) Price Prediction for May 29: Bulls Defend $2.27 Support As Momentum Stalls Below Key Resistance
The XRP price today is holding near $2.29 after testing intraday lows of $2.28, reflecting a cautious tone among traders as bulls struggle to reclaim lost momentum. While the weekly structure remains broadly intact, lower timeframe indicators point to increasing downside pressure amid weakening market participation and repeated rejection near $2.32.
What’s Happening With XRP’s Price?
On the 4-hour chart, the XRP price action shows repeated rejections from the descending trendline anchored around $2.32, forming a narrowing triangle structure. Short-term EMAs are converging between $2.28 and $2.31, offering dynamic resistance, while the Bollinger Bands suggest tightening volatility—typically a precursor to an impending move.
Despite earlier XRP price spikes in May, the asset has struggled to maintain higher highs. The failure to reclaim the $2.35 zone signals fading bullish interest at current levels. Meanwhile, the 200 EMA on the 4-hour chart is providing soft support near $2.28, which has so far held during intraday dips.
On the macro front, the weekly chart reveals XRP …
The post XRP ($XRP) Price Prediction for May 29: Bulls Defend $2.27 Support As Momentum Stalls Below Key Resistance appeared first on Coin Edition.
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XRP ($XRP) Price Prediction for May 29: Bulls Defend $2.27 Support As Momentum Stalls Below Key Resistance
The XRP price today is holding near $2.29 after testing intraday lows of $2.28, reflecting a cautious tone among traders as bulls struggle to reclaim lost momentum. While the weekly structure remains broadly intact, lower timeframe indicators point to increasing downside pressure amid weakening market participation and repeated rejection near $2.32.
What’s Happening With XRP’s Price?
On the 4-hour chart, the XRP price action shows repeated rejections from the descending trendline anchored around $2.32, forming a narrowing triangle structure. Short-term EMAs are converging between $2.28 and $2.31, offering dynamic resistance, while the Bollinger Bands suggest tightening volatility—typically a precursor to an impending move.
Despite earlier XRP price spikes in May, the asset has struggled to maintain higher highs. The failure to reclaim the $2.35 zone signals fading bullish interest at current levels. Meanwhile, the 200 EMA on the 4-hour chart is providing soft support near $2.28, which has so far held during intraday dips.
On the macro front, the weekly chart reveals XRP …
The post XRP ($XRP) Price Prediction for May 29: Bulls Defend $2.27 Support As Momentum Stalls Below Key Resistance appeared first on Coin Edition.
Read More