XRP Price Analysis and Ripple Daily Updates

On May 29, 2025, traders propelled XRP upward, with price actions alternating between sideways consolidations. XRP price dropped to a session trough around $2.267 before climbing to near $2.312. Investors pushed prices into a clear ascending channel during early trading as buying pressure intensified. After breaching the channel’s lower edge, bulls struggled to maintain upward momentum. The market then moved sideways between $2.272 and $2.312, revealing traders’ uncertainty.

XRP Price Sinks to $2.284 After MACD Death Cross

Examining the past twenty-four hours reveals critical insights into XRP price movements and momentum. On May 28, 2025, XRP opened inside a modest downward channel with sellers maintaining slight control. Traders identified a MACD Death Cross at 05:05 UTC, indicating a clear bearish momentum. At 06:00 UTC, sellers drove the price below the channel’s lower boundary with a decisive bearish breakout. This aggressive selling action dropped XRP’s price down to $2.284 within minutes. At 07:00 UTC, the RSI plunged into oversold territory, and the MACD formed a bullish Golden Cross. Following these signals, XRP price climbed inside a fresh upward channel and peaked near $2.315.

Chart 1: XRP/USDT M5 chart, analyzed by alioliyaee_f, published on TradingView, May 29, 2025.

XRP Tops Out at $2.312 Following Robust Bullish Reversal

At 12:45 UTC, the RSI climbed into overbought territory, and the MACD formed a death cross signal. Minutes later, a strong red candle pierced the upward channel, triggering a decisive bearish breakout on the chart. Traders then watched prices tumble below key support at $2.284, igniting a rapid downtrend through that level. The asset descended within a newly formed falling channel and eventually hit the day’s low of $2.226.

At 19:55 UTC, the RSI dipped into oversold territory, and a bullish MACD crossover emerged soon after. Buyers seized control and propelled the price above the descending channel into a fresh rally. XRP price formed successive higher highs and higher lows without retracing over previous swing levels. Despite two overbought spikes during the ascent, the trend retained strong upward momentum and resilience. By 03:00 UTC, the price peaked at $2.312, marking the culmination of a robust bullish reversal and rally.

XRP Surges to $2.312 Before Bearish MACD Death Cross

At 02:00 UTC on May 29, 2025, XRP price peaked at $2.312, triggering an overbought RSI and a bearish MACD death cross. Traders saw a red full-body candle break below the channel’s lower trendline, confirming a decisive bearish breakout. After that move, XRP entered a consolidation phase between support at $2.271 and resistance at $2.312. The price then oscillated within those bounds as traders awaited clearer momentum signals for direction. This contained trading range highlighted market caution amid uncertainty over sustained directional strength. Analysts now monitor potential breakouts above or below these levels to anticipate the next significant move.

Chart 2: XRP/USDT M5 chart, analyzed by alioliyaee_f, published on TradingView, May 29, 2025.

Support at $2.271 Holds, Signaling Bullish Momentum

Market conditions suggest that XRP will trade between established crucial support near $2.271 and key resistance at $2.312. These two boundaries mark key potential reversal zones that traders closely monitor for timely and essential breakout signals. A decisive move beyond either level could drive sustained, strong directional momentum toward significant new price highs or lows. A bullish bias remains in effect, as the day’s overall trend favored upside intraday price action throughout the session. Even during consolidation, XRP continues to post steadily higher lows, confirming ongoing persistent buying pressure and underlying bullish momentum.