XRP is down by 8% this week and remains in a bearish trend channel. Analysts warn that a break below key support may trigger a move to $1.09. | Credt: CCN.com
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Key Takeaways
XRP continues holding a bullish structure, with buyers defending the $1.42 zone despite resistance near $1.50
ETF inflows and optimism around the CLARITY Act are improving sentiment for clearer crypto regulation
Momentum indicators remain bullish, and a breakout above $1.57 could open the path toward $1.87.
XRP is refusing to break down. Despite repeated pressure near the $1.25 support zone, bulls continue to show strength.
Now, momentum is shifting again, after recording a 3.5% increase on a weekly timeframe.
Buyers are pushing XRP’s price back toward a critical resistance barrier that could decide the next major move.
If that ceiling finally breaks, the altcoin may witness another explosive rally.
XRP Upswing Still Intact
XRP’s price continues to trade in a strong bullish structure despite encountering resistance near $1.50.
Notably, the altcoin is currently hovering around $1.46 after briefly rejecting local highs.
However, buyers are still defending higher support zones aggressively.
On the 4-hour chart, XRP’s price recently pushed into a major resistance band that previously capped upside momentum.
Although sellers stepped in near $1.50, price action remains stable above $1.42. This suggests bulls have not lost control yet.
Meanwhile, momentum indicators still lean bullish. The Relative Strength Index (RSI) remains above the neutral 50 level, showing that buying pressure is still active even after the recent cooldown.
At the same time, the Bull Bear Power (BBP) indicator continues printing green bars, signaling that bullish momentum has not fully faded.
XRP has also maintained its broader pattern of higher lows. That structure often supports continuation rallies during strong market phases.
If bulls reclaim and close above the $1.50 resistance zone, XRP’s price could attempt another expansion move toward fresh local highs.
Market Bets On CLARITY Act
On-chain and market activity suggest improving participation, reinforced by XRP’s exchange-traded funds (ETFs)
In May, Franklin Templeton, Bitwise, and Grayscale led demand with $17.52 million in inflows.
Consequently, capital rotation reflects growing anticipation around the CLARITY Act, now seen as the structural driver that could resolve long-standing classification uncertainty between securities and commodities frameworks.
This shift also provides renewed context for the Ripple vs. SEC case, which originally exposed the regulatory grey zone that the CLARITY Act now aims to eliminate.
As a result, ETF demand is strengthening, with capital flows increasingly tied to expectations of regulatory certainty.
XRP Price Forecast: Bulls Target $1.57
On the daily timeframe, XRP’s price is attempting to stabilize after months of persistent downside pressure, now approaching a critical resistance zone near the $1.58 Fibonacci retracement level.
As shown below, the crypto trades around $1.45, recovering steadily from the February capitulation low near $1.10 while maintaining a short-term bullish structure.
However, the broader market trend remains fragile as XRP’s price still trades beneath a long-term descending trendline.
Momentum indicators are beginning to favor buyers.
The Money Flow Index (MFI) has climbed above 70, signaling stronger capital inflows, while the Awesome Oscillator (AO) continues printing positive histogram bars, suggesting bearish momentum is fading gradually.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
