- XRP’s RSI at 48.57 and MACD histogram at -0.0199 signal weakening momentum and limited bullish strength.
- Trading volume remains low at $2.15B, while daily active addresses drop to 11.8K, showing declining user engagement.
- Key resistance is at $2.50, while support is at $2.10 and $2.00, defining XRP’s short-term breakout and breakdown levels.
XRP’s market action on May 27 shows cautious trading. The asset was trading at $2.31, down by 1.75% in 24 hours. Weekly losses are at 1.53%, though monthly performance is positive with a 6.41% gain. Market cap dropped by 1.67% to $135.68 billion.
The 24 hour trading volume rose slightly by 0.12% to $2.15 billion. The circulating supply is at 58.68 billion XRP out of a 100 billion maximum. These metrics signal consolidation with low conviction, as the asset traded in a tight range with no strong directional push.
Momentum Indicators Show Fading Strength
Technical indicators show weakening momentum. The RSI is at 48.57, falling below the neutral midpoint of 50. Its moving average, however, is at 53.50. This suggests mild downward pressure, though conditions were not overbought or oversold.
The MACD is at 0.0184 while the signal line is at 0.0383. A negative histogram value of -0.0199 points to fading bullish momentum. With the MACD lines narrowing, the market anticipates limited price swings or eventual drops without stronger market triggers.
Support and Resistance Levels
Recent highs near $2.50 continue to act as key resistance. If breached, $2.70 and $3.00 remain the next psychological levels. However, downside levels are just as important. Support is at $2.10 and $2.00, with stronger backing near $1.80.
Short term moving averages further show the weakening trend. The 50 day MA is at $2.36 but shows signs of flattening and dipping. The 200 day MA, at $2.422, continued its upward movement but with a reduced slope, indicating a softening long term trend.
Network and Volume Suggest Limited Participation
Trading volume is subdued, with $2.15 billion recorded in 24 hours. This remained low compared to previous surges in March and May. Daily active addresses dropped drastically to 11.8K, far below earlier highs above 500K.
The reduced on-chain activity indicates declining user engagement, often observed during corrective phases. Overall, the market appears cautious with XRP between narrowing ranges and weakening signals. Any breakout or breakdown may depend on external catalysts or broader market influence.
Potential Prices for May 28
If bullish momentum returns and XRP reclaims $2.35 with rising volume, price could test $2.45 or even $2.50. However, if selling pressure persists and price drops below $2.27, XRP may fall toward $2.10 or $2.00.
