Here’s Where Ripple’s XRP Price Could Be Headed This New Week?

Last week when we looked at XRP, we said the price had to break above $1.47 to have a shot at $1.52 and $1.60. We also said $1.36 was the main support underneath.

That’s pretty much what happened. On May 16, XRP jumped to a two-month high close to $1.55. The reason? The U.S. Senate Banking Committee pushed the CLARITY Act one step forward. But the price didn’t stay up there. People sold to take profits, and the token fell back to about $1.41.

Still, the drop didn’t break the support level. Big banks kept showing interest. Italy’s biggest bank, Intesa Sanpaolo, put $18 million into the Grayscale XRP Trust. And Ripple’s head of tech, David Schwartz, joined the board of the XRP Ledger Foundation.

The XRP price is selling for about $1.41. Everyone seems to be waiting for the next big thing to happen.

Why the XRP Price Pulled Back After the Rally

Today, XRP is down a little over half a percent. Traders took profits after last week’s run-up to $1.55. That rally started when the CLARITY Act cleared the Senate Banking Committee on May14.The price then ran into a tough wall of resistance between $1.50 and $1.55. Sellers showed up again there.

This looks like a classic “buy the rumor, sell the news” situation. People bought XRP hoping for clearer U.S. crypto rules, which could bring more institutional products tied to XRP. Then they sold after the news hit.. Once the bill passed committee stage, many short-term traders started taking profits.

What the XRP Chart Is Showing

When we look at the chart, the market still seems trapped in a wide back-and-forth range. The breakout above $1.50 didn’t stick. Over the past month,buyers have defended the $1.36 to $1.38 area many times. That zone stays important this week.

The energy from the rally is cooling down. The MACD histogram has turned a little negative. That means the bullish push faded after the rejection at $1.55.. Also, the ADX remains below strong trend territory, which means the XRP price still lacks enough strength for a clean directional breakout.

Source: Coinank

Volume also dropped after the rally cooled off. So traders are staying cautious for now. They’re waiting to see what happens next before buying or selling in a big way. If XRP stays between $1.36 and $1.47, the price will probably keep going up and down without picking a real direction.

But the bigger trend hasn’t broken down. XRP is still above its April lows, and you can see higher lows forming on the chart. If buyers take back the $1.47 to $1.50 area with stronger volume, the momentum could come back fast.

Related XRP News: Here’s What 1,000 XRP Tokens Could Be Worth by the End of 2026

Factors Pushing the XRP Price This Week

The biggest catalyst remains the CLARITY Act. The CLARITY Act passed the Senate Banking Committee on May 14. Next step: a full Senate vote. Many XRP investors think this law could lock in XRP’s status as a commodity, building on Ripple’s court win back in 2024. If the bill advances further, institutions may feel more comfortable increasing exposure to XRP and related investment products.

In the background, big investors keep adding quietly. Data shows more than 332,000 wallets now hold at least 10,000 XRP each. That tells you people are still stacking, even after the recent drop. If large investors keep buying during dips, available supply on exchanges could tighten again.

The XRP Ledger’s future plans also matter. They want to add lending tools, private decentralized exchanges, and privacy features using zero-knowledge proofs. These upgrades are meant to make XRPL more useful for banks and asset managers. The market may not price in those features immediately, but they could strengthen demand for the network over time.

There is also growing bullish sentiment from market analysts. Crypto commentator Moon Lambo said the CLARITY Act could eventually help push XRP into full price discovery if the bill secures enough Senate votes. That remains speculative for now, but sentiment around XRP has clearly improved compared to earlier this year.

Here’s Where Ripple’s XRP Price Could Go this Week

Bullish Case

If XRP breaks above the $1.47 to $1.50 resistance zone again and buyers manage to hold it as support, the next upside targets could land around $1.60 and $1.72. A stronger crypto market and more positive news tied to the CLARITY Act could even open the door toward the psychological $2.00 to $2.10 area later in May.

Bearish Case

If XRP keeps hitting a wall every time it tries to go up, and Bitcoin starts falling, then sellers might drive the price back down to $1.36. If that level gives way, Ripple’s XRP price could drop to $1.30, maybe even $1.24. When there’s low trading activity and the energy from the last rally fades, that kind of drop becomes a real possibility.

Most Likely Case

The most likely thing for now: XRP stays stuck between $1.36 and $1.50. There’s strong interest from big institutions underneath, but buyers haven’t shown enough power to force a real breakout. Traders are playing it safe, waiting for the next update on U.S. crypto rules.

Ripple’s XRP cooled off after hitting $1.55, but the bigger picture isn’t fully bearish. Institutions keep adding, the XRPL ecosystem keeps growing, and the CLARITY Act is still the biggest event to watch.

For now, XRP is caught between solid support and heavy resistance. A clean break above $1.50 could change things fast. Until then, traders will probably keep treating XRP like a back-and-forth market.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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