XRP’s Next Bullish Wave Depends on These Crucial Price Levels: Analyst

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<a href="https://minority-mindset.com/xrp-usd/">XRP</a>’s Next Bullish Wave Depends on These Crucial Price Levels: Analyst

Recently, many people have been discussing the possibility of XRP’s price increasing significantly. The cryptocurrency has been trading within a narrow range since its price dropped sharply in early February.

As an analyst, I’ve observed that every time the token tries to move higher, it’s quickly met with selling. However, despite this, I remain optimistic that it will break through key resistance levels in the near future and potentially reach new highs.

The Levels XRP Has to Surpass

As a researcher tracking this cross-border token, I’ve noticed some interesting activity in May. It’s attempted to break out of its current trading range three times now. While each breakout attempt was quickly reversed, the encouraging thing is that the token *did* manage to reach higher price levels before being pushed back down. This suggests potential bullish momentum, even if it’s being met with resistance.

The price fluctuated significantly on May 6th, briefly rising from under $1.40 to $1.45 before falling back to its original level. It then continued to climb, exceeding $1.50 last Sunday, but faced resistance from sellers. Despite this, it stayed above $1.42, and on Thursday, it reached a two-month high of $1.55 before the upward momentum stalled.

XRP needs to break through two key price barriers to see significant and lasting growth, according to analyst EGRAG CRYPTO. First, it needs to surpass $1.51 – a price it struggled with back in May. If it can move beyond that, the next hurdle is $1.82, a price XRP hasn’t reached since late January.

If XRP were to rise strongly above these key levels, it would confirm a bullish pattern suggesting further price increases, according to the analyst. They explained that the trickiest parts of using Elliott Wave theory aren’t predicting Waves 3 or 5, but rather dealing with misleading signals, significant price drops, emotional decision-making, and complicated patterns.

EGRAG stated that once the problem is accurately pinpointed, taking advantage of the third and fifth phases of a plan becomes the simplest and most effective strategy.

We Still Play Range

Crypto Tony has been watching XRP trade within a price range of $1.30 to $1.55 for the last three and a half months. He’s waiting for the price to move decisively above or below this range before considering increasing his investment, and for now, he plans to continue trading within these levels.

Another analyst, CW, pointed out that XRP’s price increase on Thursday triggered many short positions to close, but there aren’t a lot of long positions currently. If highly leveraged trades stay limited, this could lead to a more stable and lasting price increase.

Almost short positions in $XRP have been liquidated.

Also, traders aren’t holding many long positions right now. Most of the highly leveraged bets on the price of XRP futures have already been closed out.

— CW (@CW8900) May 15, 2026

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2026-05-16 16:41