2 days ago
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TLDR:
- XRP tests $2.32 resistance as trader heatmaps show congestion in the $2.30–$2.35 range.
- Technicals flash both buy signals and warnings of short-term downside pressure.
- Dark Defender forecasts XRP surge to $18.22–$23.20 using Elliott Wave theory.
- XRP trading volume hits $2.45B, but weekly losses signal cautious market sentiment.
The price of XRP remained in the spotlight today as it climbed to $2.3014 before pulling back to $2.29 as of this writing. Despite these movements, resistance at $2.32 continues to hold firm, according to chart analysis.
Analysts suggest a mix of bullish and cautious signals, indicating potential volatility in the near term. Meanwhile, a CoinGlass heatmap reveals trader activity between $2.30 and $2.35, adding to market uncertainty.
XRP Resistance Levels Challenge Upward Momentum
XRP’s price movement today highlighted the importance of key resistance and support levels. Posting an intraday high of $2.32, the token faced resistance at this critical point before retreating to test the $2.28 support level.
$XRP AM Update:#XRP at $2.3014 (+1.16%)@tradingview chart shows the price up 1.16% today, climbing from $2.275 to a high of $2.32, before settling back to test the $2.28 support level. The next big hurdle is $2.32, where it hit resistance earlier. The indicators are leaning… pic.twitter.com/zMpoNrY87V
— XtinaRP (@xtina_george) May 29, 2025
According to data, technical indicators lean toward a “Buy” signal, but one short-term signal warns of a potential dip. XtinaRP, a crypto analyst, noted that this resistance could lead to price swings, especially with heavy trader activity in the $2.30–$2.35 range.
While short-term volatility looms, long-term projections for XRP remain optimistic.
Dark Defender, a top market analyst, highlighted a new wave structure forming on XRP’s weekly chart. This aligns with historical patterns observed in November 2024, pointing to a potential surge between $18.22 and $23.20.
Hi there. #XRP is forming another Wave Structure in the weekly frame, creating the upcoming surge to $23.
This new wave structure aligns with our previous targets and our historical pattern in November 2024.
XRP in the new weekly frame aims for $18.22 – $23.20 in the short… pic.twitter.com/OOKbxe6s4K
— Dark Defender (@DefendDark) May 29, 2025
The analysis also identifies $5.85 as a mid-term target within the broader bullish trend. These predictions are based on Elliott Wave theory and Fibonacci levels, which indicate key resistance points XRP could face on its path upward.
Market Sentiment and Volume Add to XRP’s Uncertainty
XRP’s 24-hour trading volume reached $2.45 billion, per CoinGecko’s latest data. However, the token saw a slight 0.21% decline in the past 24 hours and a 5.38% drop over the week. Its price has fluctuated between $2.24 and $2.47 over the week, reflecting ongoing market uncertainty.
XRP Price on CoinGeckoCoinGlass data by XtinaRP further reveals heavy trader bets in a narrow price range, suggesting a potential for sharp price movements. Historical events, such as the July 2023 SEC ruling, show that XRP’s price remains highly sensitive to major developments.
XRP’s current price action reflects a tug-of-war between bullish long-term projections and short-term resistance. With trader activity and historical price patterns in play, the market awaits the next major move.
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