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XRP defies outflows with bullish rebound from $ 2.27 support zone



Economic economic tensions and trade disputes have continued to influence cryptocurrency markets, including the XRP that reflects amazing stress despite recent capital flow.

The digital asset saw its market capitalization changing from $ 137.5 billion to $ 133.39 billion before partially recovered to $ 135.86 billion, featuring continuous volatility.

Despite these challenges, the XRP maintains the above position of critical technical support levels including the 50-day SMA at $ 2.26, suggesting the underlying structure of its market structure.

Technical assessments

  • Price range: XRP exchanged between $ 2.275 and $ 2.356, representing a 3.56% range within 24 hours.
  • Volume Support: Significant Spike Volume up to 71.18m at the level of $ 2.275 during the period of 1 o’clock on May 27th.
  • Integration Pattern -Includes: The times following initial support showed the incorporation -the price included before the purchase was renewed.
  • SECONDARY VOLUME SURGE: Another increase of high volume at 74.36m within 13:00 hours has pushed prices towards ranges.
  • Main Opposition: Established at $ 2.355- $ 2.356 level.
  • Support zone: Strong support identified at $ 2.275- $ 2.290 range.
  • Time volatility: Significant Price Advancement from $ 2.330 to $ 2.356 between 13: 08-13: 18.
  • Volume Confirmation: The rare volume of spikes 6.28m at 13:13 supports the rally.
  • Correction Support: The support price was found at $ 2.324 around 13:51 before recovery.
  • Bullish pattern: Developing a channel pattern with higher lows suggesting a continuous positive momentum.

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