- XRP trades below the 50 day MA at $2.41, indicating weak short term momentum amid resistance and limited breakout signals.
- Market cap rose to $137.67B while volume surged by 40%, but lower address activity suggests reduced speculative engagement.
- Long term holder growth to 6.5M wallets supports price stability, nullifying short term pressure from declining daily activity.
On May 26, XRP was trading at $2.34, with a 0.95% gain in the last 24 hours. Weekly and monthly gains remained limited at 0.15% and 6.92%, respectively. Despite low volatility, market cap rose by 1.03% to $137.67 billion, while trading volume surged by 40.03% to reach $2.06 billion. XRP’s fully diluted valuation is at $234.59 billion, with 58.68 billion tokens in circulation from a total supply of nearly 100 billion.
Short-Term Levels Between MA Lines and Mid Bollinger
XRP’s price is just below the 50 day moving average of $2.41 and above the 200 day average of $2.31. This indicates weak short term momentum, with resistance up and support just beneath. However, the longer term trend remains intact due to continued support from the 200 day MA.
The Bollinger Bands show a midline at $2.38, which XRP struggled to reclaim. The upper band is at $2.58, while the lower limit is at $2.19. Price compression within narrowing bands hints at a potential breakout, though direction remained uncertain.
Address Activity Declines While Holder Growth Continues
Between mid March and early April, Daily Active Addresses (DAA) spiked, peaking at 9,358. That activity contributed to earlier volatility and price moves. However, DAA have since dropped, pointing to reduced speculative activity.
The number of unique XRP holders grew steadily. Wallets holding XRP now total approximately 6.5 million, indicating sustained accumulation by long term investors. This trend supported the price bottom, despite short term weakening signals from volume and activity metrics.
Technical Indicators Show Mixed Signals
Support is firm at $2.31, aligned with the 200 day MA. Immediate resistance was around $2.41 and again at $2.73. The MVRV Z-Score is at 30.3952, placing XRP in a neutral to overvalued range.
This indicates that the asset is neither undervalued nor overheated. Daily trading volume is at 18.24 million, showing moderate activity without strong momentum. This aligns with the consolidation observed, as price action remains range bound.
On the upside, on May 27th, XRP may surge to $2.58–$2.65 if it breaks above $2.41 and reclaims the Bollinger midline with higher volume. However, failure to hold above $2.33 could drag XRP down to $2.19 or even $2.10 if volume increases on the downside.
XRP trades in a compressed range near key moving averages, with lower activity and moderate volume defining short term action. Holder growth offers support, but declining address activity and resistance at $2.41 limits the upside momentum.
