XRP continues to trade within a tightening range, holding support near $1.30 but facing stiff resistance around $1.36–$1.38 as the market digests a failed breakout attempt and prepares for a significant ledger upgrade expected Wednesday. On May 23, a daily liquidity sweep pushed prices below the $1.30 candle range low, triggering stop losses and setting the stage for a Candle Range Theory (CRT) reversal targeting $1.3819. By May 26, XRP was changing hands at $1.3404, with all four exponential moving averages stacked above price and the Parabolic SAR at $1.4047, maintaining a bearish bias on the daily chart.
Liquidations over the preceding 24 hours underscored the pressure on leveraged longs: $1.37 million in long positions were wiped out, dwarfing the $154,760 in short liquidations. On May 27, a breakout attempt near $1.36 saw more than 62 million XRP change hands before the rally failed, and the token settled around $1.32 by the session close. The day’s range spanned from $1.3039 to $1.3429.
On-chain data shows XRP continuing to flow out of major exchanges, a pattern often interpreted as accumulation rather than distribution. At the same time, analysts point to a larger symmetrical triangle structure that has compressed XRP’s price action since early 2025. The convergence of these technical factors, combined with the upcoming ledger upgrade—which validators are already preparing for—suggests that a volatility expansion is likely once the current consolidation resolves. Key levels to monitor remain the $1.30 support floor and the $1.36–$1.38 resistance zone.
