After Staging a Minor Recovery Off $2.28 Support, the XRP Price Today is Trading Near $2.34

Despite recent bounce attempts, the structure remains fragile with bears defending the $2.38 zone. The broader XRP price action appears to be consolidating inside a narrowing triangle

The price of XRP staged a minor recovery today after testing support at $2.28. However, the broader structure remains fragile with bears defending the $2.38 zone. Despite recent bounce attempts, the structure remains fragile with bears defending the $2.38 zone.

After staging a minor recovery off $2.28 support, the XRP price today is trading near $2.34. Despite recent bounce attempts, the structure remains fragile with bears defending the $2.38 zone.

The broader XRP price action appears to be consolidating inside a narrowing triangle with increased XRP price volatility likely ahead of a breakout or breakdown.

The question now is: why is the XRP price going down today despite an early-week rebound? And will buyers step back in to protect the $2.31-$2.28 demand cluster?

What’s Happening With XRP’s Price?

XRP’s price has formed a tightening triangle pattern on the daily and 4-hour charts, following weeks of sideways movement after the failure to reclaim $2.50.

As of May 26, XRP was unable to break above its short-term descending resistance near $2.38. This level continues to act as a ceiling, with multiple failed attempts seen on intraday charts over the past 48 hours.

On the 4-hour chart, XRP tested the lower Bollinger Band near $2.28 on May 25 and managed a quick bounce, but the follow-through lacked volume strength. The upper Bollinger Band is contracting, which signals that volatility is compressing ahead of a potential expansion move. The $2.36-$2.38 zone, aligned with the 20 and 50 EMAs, is creating friction for bulls.

Short-term sellers have been defending the upper edge of the Ichimoku Cloud at $2.34-$2.36, while the Chande Momentum Oscillator remains below neutral at 5.06, hinting at stalled bullish momentum. Meanwhile, the weekly chart still shows XRP trapped between the 0.382 and 0.5 Fibonacci retracement levels, keeping the broader bias neutral.

Momentum Fading as Indicators Turn Mixed

Momentum signals are starting to roll over. On the 30-minute RSI, XRP dropped from 61.65 to 57.37, indicating weakening relative strength as price fails to sustain higher highs. Similarly, the MACD on the same timeframe is showing a bearish crossover with the MACD line dipping below the signal line – another warning sign for bulls.

The XRP price update shows price struggling to break through EMA clusters between $2.34 and $2.36 on the 4-hour chart. These moving averages have now flipped into dynamic resistance, reinforcing the short-term downward bias unless buyers step in with volume above $2.38.

Stochastic RSI also printed a bearish cross near the 80-mark and is now falling toward oversold territory, suggesting that a deeper test of demand zones remains possible. If the structure breaks beneath $2.31 again, we could see renewed pressure toward $2.28 and even $2.21.

Short-Term Outlook: Will XRP Reclaim $2.38 or Breakdown Below $2.30?

In the short term, XRP remains range-bound and directionless, hovering just above a key confluence of support near $2.31. This level coincides with prior demand clusters from early May and the lower band of the Bollinger indicator. A failure to hold this support risks accelerating downside momentum toward $2.28 and $2.21.

On the upside, a sustained breakout above $2.38-$2.40 would be needed to reignite upside momentum. Such a move could target the next key resistance at $2.46, with a possible extension to $2.50 if volume expands.

Until that happens, XRP is likely to stay trapped within a broad consolidation structure between $2.28 and $2.46. Traders should watch for a break of either boundary as the next directional catalyst.

XRP Price Forecast: Key Levels to Watch

If bulls can reclaim $2.38 convincingly, the tone may shift in favor of upside continuation. Otherwise, the XRP price action may remain sluggish with elevated XRP price volatility inside the triangle structure.

For now, caution prevails until a clean breakout confirms the next major leg. The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.