XRP ($XRP) Price Prediction for May 28: Can Bulls Reclaim $2.32 After Prolonged Decline?

After slipping steadily for over a week, the XRP price today is holding near $2.29, hovering just above a key horizontal demand band. The broader trend shows that XRP price action remains confined within a descending structure on both the 4-hour and daily charts, but bulls have shown signs of attempting a bottoming effort near $2.28–$2.26 support. The question now is whether this zone can hold and trigger a bounce, or if breakdown pressure continues into lower levels.

What’s Happening With XRP’s Price?

XRP price analysis (Source: TradingView)

On the 4-hour chart, XRP price has been sliding within a clearly defined descending triangle, with horizontal support sitting at $2.28 and dynamic resistance from a downtrend line now near $2.32. The zone between $2.26 and $2.29 has served as a crucial base over the last two weeks, repeatedly absorbing sell pressure. However, buyers have failed to generate follow-through strength above $2.34–$2.36, leaving momentum capped.

XRP price analysis (Source: TradingView)

Daily candles now show tighter body formations, indicating lower XRP price volatility in the short term. The Bollinger Bands are also contracting, particularly on the 4-hour timeframe, which often precedes a breakout in either direction.

Why XRP Price Going Down Today? Bearish Pressure Persists Below Key Moving Averages

XRP price analysis (Source: TradingView)

The main reason why XRP price is going down today lies in the persistent rejection from the $2.36–$2.40 resistance cluster, which aligns with the 50 EMA and upper Bollinger Band on the 4-hour chart. Over the past three sessions, XRP has been unable to sustain moves above this area, triggering repeated rejections and inviting selling pressure.

XRP price analysis (Source: TradingView)

Momentum indicators continue to lean bearish. The 30-minute RSI is sitting around 45.50, showing that bulls are struggling to reclaim the neutral threshold of 50. Meanwhile, MACD remains below the zero line despite a minor bullish crossover attempt, indicating a lack of conviction in recent recovery efforts.

XRP price analysis (Source: TradingView)

Adding to the bearish bias, the Ichimoku Cloud on the 30-minute timeframe shows XRP price trading below the cloud with Tenkan and Kijun both flatlining—further supporting the idea of consolidation or a breakdown scenario.

XRP Price Update: Can Bulls Defend the $2.26 Support Zone?

XRP price analysis (Source: TradingView)

The latest XRP price update suggests that the $2.26–$2.28 region is becoming a make-or-break level for the short-term trend. Multiple touches to this area have created a clear demand band, but failure to see a strong bounce soon could exhaust buyers and invite a flush toward the $2.21 and $2.15 zones.

The Fibonacci structure from the November 2024 rally indicates that XRP is hovering just above the 38.2% retracement ($2.26) on the weekly chart. This makes the current price level a critical juncture—either a launchpad for the next upside test or the breakdown trigger into deeper correction territory.

XRP Price Forecast for May 28: Breakdown Risk Rises Unless $2.32 Is Reclaimed

XRP price analysis (Source: TradingView)

Short-term technical outlook remains mixed. A successful close above $2.32 could signal a shift in control back to buyers, opening up resistance targets at $2.36, $2.40, and $2.45. On the flip side, if XRP fails to defend the $2.26 handle, the next logical support zones lie near $2.21 and then $2.15.

Volume is thinning, and the Bollinger Band squeeze on lower timeframes indicates that an XRP price spike could occur soon—whether bullish or bearish will depend on the breakout direction from this narrowing range.

Traders should also monitor Stoch RSI, which is in overbought territory (above 77) on the 30-minute chart, raising the possibility of another downward swing unless fresh buying volume enters above $2.32.

Final Outlook

The XRP price today is trading at a crucial inflection point. Technicals remain fragile, with resistance pressing down from the 20/50/100 EMA cluster and support barely holding above $2.26. If buyers cannot force a breakout above $2.32 in the next 24–48 hours, the probability of a retest of $2.21 or lower rises sharply.

However, a bullish close above $2.36 backed by strong volume could flip the structure and trigger short covering into the $2.45–$2.48 zone. For now, caution prevails as XRP price action flattens within a tightening range, awaiting resolution.

XRP Forecast Table for May 28