#TradingTypes101 Various analysts are optimistic about a higher rebound, with the trader pseudonym Cryptowzrd stating that a validation of a descending wedge could cause XRP to soar to USD 2.90.

"XRP closed indecisively and still maintains a descending wedge formation," wrote the trader in a post on X on May 28, adding:

"A breakout from this wedge will drive the market towards the resistance of USD 2.80. Above that resistance, we will eventually reach a new all-time high."