XRP Market Cap Recovers to $135.86 Billion Amid Economic Tensions
Global economic tensions and trade disputes are impacting cryptocurrency markets. XRP has shown resilience amid recent capital outflows.
XRP's market capitalization fluctuated from $137.5 billion to $133.39 billion, recovering to $135.86 billion, indicating volatility. It remains above critical support levels, including the 50-day SMA at $2.26.
Technical Analysis Highlights
- XRP traded between $2.275 and $2.356, a 3.56% range over 24 hours.
- Volume spike: 71.18M at $2.275 during the 01:00 hour on May 27.
- Price consolidation followed initial support before renewed buying.
- Secondary volume surge to 74.36M during the 13:00 hour pushed prices higher.
- Key resistance established at $2.355-$2.356.
- Strong support identified at $2.275-$2.290.
- Notable price surge from $2.330 to $2.356 between 13:08-13:18.
- Volume spike of 6.28M at 13:13 supported the rally.
- Correction support found at $2.324 around 13:51 before recovery.
- Formation of a channel pattern with higher lows suggests positive momentum.
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