After staging a minor recovery off $2.28 support, the XRP price today is trading near $2.34, flat for the day and showing signs of exhaustion near lower trendline resistance. 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 $2.28 on May 25 and…
The post XRP ($XRP) Price Prediction for May 27: Bulls Face Rejection Near $2.38 as Momentum Stalls appeared first on Coin Edition.
