On May 27, 2025, XRP’s on-chain metrics reached a new record high with nearly 400 million transactions recorded. This surge in network activity comes amidst relatively static market prices hovering between $2.20 and $2.50, reflecting cautious sentiment despite the heightened blockchain activity. The recent spikes in transaction volumes appear to be driven by institutional activities like exchange transfers and portfolio rebalancing, rather than retail-driven momentum. 7
Analysis suggests a classic symmetrical triangle pattern on XRP’s technical chart is forming, indicating price consolidation as buyers and sellers reach an equilibrium. Currently, XRP is testing support levels around its 50-day and 100-day Exponential Moving Averages (EMAs). While a minor golden cross has formed, a significant price breakout hasn’t been triggered yet.
Historical precedent indicates this kind of pattern often precedes directional market movements. If bullish momentum returns, XRP could challenge resistance in the $2.60 to $2.70 range. However, this remains far from guaranteed as current low trading volume suggests subdued retail participation, a key driver of broader crypto rallies.