$XRP
XRP witnessed an unexpected surge in on-chain payment volume, nearing 400 million transactions on May 27, 2025. This significant rise in network activity coincides with volatile price behavior, though XRP's market value has largely remained constrained between $2.20 and $2.50, reflecting a cautious market sentiment despite robust on-chain data.
Throughout May, multiple transaction spikes were recorded, culminating in the sharp increase on the 27th. Such patterns often suggest large-scale transfers, possibly linked to institutional portfolio adjustments or internal exchange activity. Nevertheless, price movement has remained subdued.
Currently, XRP is forming a symmetrical triangle on the XRP/USDT chart—a classic consolidation pattern. The price is testing support around the 50-day and 100-day EMAs. A minor golden cross has emerged, yet price momentum remains limited. Should bullish pressure build, the next resistance zone lies between $2.60 and $2.70.
Investors should remain cautious. While elevated on-chain activity signals strong network engagement, it does not always translate into immediate price appreciation. Persistently low trading volume suggests retail investors are holding back, likely awaiting a confirmed breakout before reentering the market.
Maintaining support above $2.20 is critical to avoiding a deeper correction. A move above $2.50, should it occur, may spark renewed bullish momentum, potentially driven by increasing network usage. For now, XRP remains range-bound, awaiting clearer market direction.