XRP price struggles near $2.34 as bulls face resistance amid weakening momentum
XRP price faces resistance at $2.375, with momentum fading and consolidation ongoing
XRP price today is trading near $2.34, struggling to build on its earlier recovery from the $2.28 level. After briefly bouncing off support, price momentum stalled near the descending resistance at $2.375, where sellers have defended gains for two straight sessions. The structure remains indecisive, with XRP price volatility tightening inside a broader triangle pattern, hinting that a breakout or breakdown could soon follow.
Highlights
- XRP faces resistance near $2.375, with price action stuck within a narrowing range.-
- Short-term indicators show fading momentum, increasing the chances of a pullback.
- A break below $2.305 could target lower support zones around $2.275 and $2.21.
XRP has been consolidating in a narrowing range between $2.28 and $2.375, unable to establish a clear direction. The 4-hour chart shows the price sitting just beneath short-term dynamic resistance, with the 20 and 50 EMAs flattening between $2.34 and $2.36. Price is also facing rejection from the upper boundary of the Ichimoku Cloud, reinforcing overhead supply pressure. On May 25, XRP tested the lower Bollinger Band near $2.28 and managed a brief recovery, but volume failed to expand meaningfully, and the follow-through has stalled. Unless buyers push past $2.375, upside potential remains capped.
The RSI on the 30-minute chart has declined from 61.6 to 57.3, indicating a loss of bullish momentum. Meanwhile, the MACD printed a bearish crossover, suggesting further downside pressure. The Stochastic RSI also printed a bearish cross near the overbought line, adding to the likelihood of a pullback.
XRP price forecast (Source: TradingView)
Support levels and potential breakout zones for May 26-27
For now, XRP price action remains in a compressed structure, with immediate support at $2.305. A breakdown below this level could open the door for further declines toward $2.275 and $2.21, where past demand zones align. On the flip side, a clean break above $2.375 could reignite bullish momentum and set the stage for a retest of the $2.45–$2.50 range.
As previously mentioned, XRP's recent consolidation near $2.28 and its struggle to break resistance at $2.375 have left the price action in limbo. Until one of these levels breaks, the market is expected to stay sideways, with volatility likely to pick up as traders position themselves for the next big move.
