XRP ($XRP) Price Prediction for May 28: Can Bulls Reclaim $2.32 After Prolonged Decline?
After slipping steadily for over a week, the XRP price today is holding near $2.29, hovering just above a key horizontal demand band. The broader trend shows that XRP price action remains confined within a descending structure on both the 4-hour and daily charts, but bulls have shown signs of attempting a bottoming effort near $2.28–$2.26 support. The question now is whether this zone can hold and trigger a bounce, or if breakdown pressure continues into lower levels.
What’s Happening With XRP’s Price?
On the 4-hour chart, XRP price has been sliding within a clearly defined descending triangle, with horizontal support sitting at $2.28 and dynamic resistance from a downtrend line now near $2.32. The zone between $2.26 and $2.29 has served as a crucial base over the last two weeks, repeatedly absorbing sell pressure. However, buyers have failed to generate follow-through strength above $2.34–$2.36, leaving momentum capped.
Daily candles now show tighter body formations, indicating lower XRP price volatility in the short term. The Bollinger Bands are also contracting, partic…
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XRP ($XRP) Price Prediction for May 29: Bulls Defend $2.27 Support As Momentum Stalls Below Key Resistance
XRP ($XRP) Price Prediction for May 28: Can Bulls Reclaim $2.32 After Prolonged Decline?
After slipping steadily for over a week, the XRP price today is holding near $2.29, hovering just above a key horizontal demand band. The broader trend shows that XRP price action remains confined within a descending structure on both the 4-hour and daily charts, but bulls have shown signs of attempting a bottoming effort near $2.28–$2.26 support. The question now is whether this zone can hold and trigger a bounce, or if breakdown pressure continues into lower levels.
What’s Happening With XRP’s Price?
On the 4-hour chart, XRP price has been sliding within a clearly defined descending triangle, with horizontal support sitting at $2.28 and dynamic resistance from a downtrend line now near $2.32. The zone between $2.26 and $2.29 has served as a crucial base over the last two weeks, repeatedly absorbing sell pressure. However, buyers have failed to generate follow-through strength above $2.34–$2.36, leaving momentum capped.
Daily candles now show tighter body formations, indicating lower XRP price volatility in the short term. The Bollinger Bands are also contracting, partic…
The post XRP ($XRP) Price Prediction for May 28: Can Bulls Reclaim $2.32 After Prolonged Decline? appeared first on Coin Edition.
Читать больше