XRP ($XRP) Price Prediction for May 29: Bulls Defend $2.27 Support As Momentum Stalls Below Key Resistance

The XRP price today is holding near $2.29 after testing intraday lows of $2.28, reflecting a cautious tone among traders as bulls struggle to reclaim lost momentum. While the weekly structure remains broadly intact, lower timeframe indicators point to increasing downside pressure amid weakening market participation and repeated rejection near $2.32.

What’s Happening With XRP’s Price?

On the 4-hour chart, the XRP price action shows repeated rejections from the descending trendline anchored around $2.32, forming a narrowing triangle structure. Short-term EMAs are converging between $2.28 and $2.31, offering dynamic resistance, while the Bollinger Bands suggest tightening volatility—typically a precursor to an impending move.

Despite earlier XRP price spikes in May, the asset has struggled to maintain higher highs. The failure to reclaim the $2.35 zone signals fading bullish interest at current levels. Meanwhile, the 200 EMA on the 4-hour chart is providing soft support near $2.28, which has so far held during intraday dips.

On the macro front, the weekly chart reveals XRP is stabilizing above the 0.382 Fibonacci level at $2.15, but multiple failed attempts to break the $2.65 ceiling suggest a lack of conviction for a breakout in the current cycle.

Indicators Flash Mixed Signals as Short-Term Trend Weakens

The RSI on the 30-minute chart has slipped below the neutral 50 mark, now resting near 38.09, indicating bearish momentum is gaining traction. MACD on the same timeframe remains below the signal line, with histogram bars continuing to print in negative territory—confirming selling pressure.

The Ichimoku Cloud analysis also leans bearish. On the 30-minute chart, XRP has slipped below the cloud, while the Tenkan-sen and Kijun-sen lines are flattening out, signaling a potential consolidation phase. The Senkou Span A is now curling downward, reinforcing near-term resistance.

The Chande Momentum Oscillator is currently at -24.29, showing deepening negative pressure. However, the Stoch RSI is rising from oversold levels, suggesting a short-term bounce may occur if support at $2.27 continues to hold.

Why XRP Price Going Down Today?

The recent decline in XRP price is driven by a confluence of technical exhaustion and declining intraday momentum. After last week’s brief move to $2.43, price action has been unable to sustain a breakout, reflecting profit-taking and a cautious stance by traders amid broader market uncertainty. Additionally, rejection from multiple EMA clusters around $2.31–$2.32 has reinforced resistance, giving bears the upper hand.

While macro indicators like weekly Fibonacci levels remain bullish over the long term, the immediate structure reflects fragility, with buyers needing to reclaim $2.32 to reignite upward momentum.

XRP Price Outlook for May 29

Heading into May 29, the outlook for XRP price is neutral to slightly bearish. Unless bulls reclaim the $2.32-$2.35 zone, the risk of breakdown below $2.27 persists. That could expose XRP to the next demand levels near $2.15 and even $2.00 if broader market sentiment worsens.

Conversely, a breakout above $2.35 could clear the path toward $2.43 and $2.50, but that scenario would require stronger volume support and a shift in momentum indicators across 4-hour timeframes.

Here’s a detailed XRP price update for May 29:

Although the broader trend remains constructive as long as XRP stays above $2.15, current momentum suggests a pause or retracement is more likely than a rally unless bulls make a decisive reclaim of the $2.32 resistance. As traders continue monitoring support levels, XRP’s next move will likely set the tone for its short-term trajectory into June.