XRP is currently trading at $1.44 and is approaching the top of a downward trend that has limited its price since late April. Data from CryptoQuant suggests the market is either neutral or leaning slightly positive, with more people buying XRP than selling, and selling pressure decreasing.
Current market data doesn’t fully support the recent price movements. While there’s growing optimism in the derivatives market and signs of increasing buying, sellers still have the overall advantage as long as prices stay where they are.
The big question for XRP right now is whether it can use its recent positive on-chain activity to break through the $1.48 resistance level, or if broader market challenges will cause it to fall back down again. This will determine its price movement in the short term.
Our data shows the XRP Ledger has hit a new record: 332,230 wallets now hold at least 10,000 XRP. This continues a steady increase we’ve seen since June 2024. The growing number of wallets holding this amount of XRP suggests…
— Santiment Intelligence (@SantimentData) May 12, 2026
As a crypto investor, I’ve been watching XRP closely, and over the weekend it tried to break through the $1.50 mark but got pushed back. This creates a new resistance point, making it harder for the price to go up. It’s a pattern I’ve seen with XRP a lot lately: we get positive signals on the blockchain, the price starts to climb towards resistance, but then sellers step in and prevent a solid breakout. It’s frustrating because it keeps the price stuck in this range.
Our previous analysis highlighted the $1.45–$1.48 price range as a key area to watch. We noted that how cryptocurrency moved through this range, combined with trading volume, would indicate whether the price would continue within the current pattern or break out of it, and that assessment still holds true.
The cryptocurrency market is showing caution today, with both Bitcoin and Ether experiencing little movement as geopolitical tensions rise. U.S. President Donald Trump dismissed Iran’s latest proposal for Middle East talks, labeling it unacceptable, while Iran called the terms fair and generous. This disagreement is causing investors to be more hesitant with digital assets.
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XRP NEWS: Can XRP Price Break Above $1.48 and Target the $1.71 Moving Average?
XRP is currently trading at $1.44, above its 50-day moving average, which has acted as a support level during recent price dips. However, it’s facing resistance between $1.48 and $1.49, where a downward trendline meets the 100-day moving average. If XRP closes the day above both of these levels, it would signal a breakout and overcome a key resistance area that’s been in place since late April.
While technical indicators suggest a positive trend, they don’t give a clear signal either way. The Relative Strength Index (RSI) is at 61, showing increasing strength but not yet indicating an overbought market. The Moving Average Convergence Divergence (MACD) is still positive, confirming ongoing bullish momentum. However, neither indicator is currently signaling an immediate, strong move. Ultimately, the price action itself will determine the next direction.
Recent on-chain data suggests a slightly optimistic outlook. According to CoinGlass, the OI-Weighted Funding Rate turned positive on Friday and is currently at 0.0048% (as of Tuesday). This means long positions are winning against short positions, indicating a general expectation that prices will rise in the derivatives market.
CryptoQuant’s data supports the idea that more people are buying XRP than selling, especially at its current price level. This suggests that demand is increasing and could push the price higher, as selling pressure eases.
Source: XRPUSD / Tradingview
It’s notable that while things are improving on the blockchain itself, the price isn’t breaking through its current resistance level. Historically, when buying increases below a key price point and fewer coins are being sent to exchanges, a price breakout often follows. The conditions for a breakout are present, but we haven’t seen the final signal confirming it yet.
If the price closes above $1.49 with strong trading activity, it would break past a key resistance level and signal a move toward $1.71, potentially reaching $1.90. However, if the price falls below $1.41, it could drop to around $1.30.
The situation in the Middle East could significantly impact market trends, potentially shifting them up or down. Also, keep an eye on Ripple’s planned network update, which is coming out later this month, as that could also be a key factor.
Once XRP’s daily price closes above the $1.48 to $1.49 range, it will confirm a potential price increase. Until then, the idea of a price increase is just a theory, not a reliable trading signal.
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2026-05-13 18:38