XRP Analysis on May 28, 2025: Is a Bullish Wave Coming?

XRP analysis on May 28, 2025: Price at $2.31, with potential to hit $2.60.

On May 28, 2025, XRP traded at around $2.31, showing signs of a short-term bullish trend. Its daily trading volume reached approximately $1.8 billion, indicating significant investor activity. However, the market remains influenced by regulatory developments and whale activity. Recent news highlights growing institutional interest in XRP. A Nasdaq-listed energy company announced a treasury strategy focused on XRP, with a former Ripple-affiliated executive appointed as chairman of its advisory board. This move signals increasing institutional confidence. Additionally, the SEC’s ongoing review of XRP ETFs could act as a catalyst for price growth if approved. From a technical perspective, XRP is testing support at $2.20. Analysts suggest that holding this level could lead to a push toward the $2.60 resistance. Breaking this resistance may bring XRP close to $3. However, a break below $2.20 could result in a decline to $2.00. Daily charts show bullish patterns, such as higher highs and higher lows, indicating market health. A surge in on-chain transaction volume, with nearly 400 million transactions on May 27, reflects robust network usage. This spike may be linked to institutional transfers or internal exchange movements. However, a decline in active addresses since March 2025 raises concerns about the sustainability of this trend. On the other hand, regulatory clarity in the U.S. and political support, including positive remarks from senior officials, have bolstered market sentiment. Nonetheless, macroeconomic risks, such as tighter monetary policies or trade tensions, could exert downward pressure. Overall, XRP is at a critical juncture. A combination of fundamental factors, like institutional adoption and regulatory developments, and technical factors, such as support and resistance levels, supports a bullish outlook. However, investors should exercise caution and prioritize risk management due to ongoing market volatility.