XRP Price Could Return To $1.55 But Only If This Crucial Support Holds
XRP is experiencing a major worth retracement after being rejected at $1.55. So far in May, the altcoin’s worth motion has been unstable, with every acquire adopted by a distinguished dip, but it has shaped an ascending trendline. XRP finds itself in an identical state of affairs as costs have corrected by over 7% previously three days. Notably, the market evaluation web page, MCO Global, has shared some insights on this case, discussing the altcoin’s potential to maintain its trendline or be uncovered to main draw back targets.
XRP Recovery Hinges On Pivotal $1.40 Support
In an X post on May 15, analysts from MCO Global have highlighted the important thing short-term worth ranges within the current XRP market construction. Given the unstable motion over the previous two weeks, specialists concur that market members are nervous about worth course. However, amid this uneven worth motion, XRP has maintained an essential micro-support zone round $1.40. Using Elliott Wave concept, the current retest at this degree aligns with wave B, when the market kinds a brief corrective bounce earlier than initiating the ultimate leg of the correction in wave C.
$XRP Ripple continues to indicate uneven and nervous worth motion, however micro help round $1.40 remains to be holding for now.
As lengthy as XRP stays above $1.40, one other upside try towards $1.55, $1.58, and probably $1.67 stays potential. Break beneath $1.40 and particularly $1.37… pic.twitter.com/GW5q37AD3o
— MCO Global (@moretradingonl) May 15, 2026
Therefore, so long as the value stays above $1.40, MCO Global analysts predict a high probability of one other surge in the direction of $1.55-$1.58. In a extra bullish state of affairs, they undertaking that XRP might break above this resistance zone and lengthen its rally to $1.67, representing a possible 16.7% acquire from present ranges. On the opposite hand, a break beneath $1.40 would drive a right away drop to $1.37. If this worth flooring fails to carry, XRP merchants might anticipate a decline to a different key help at $1.30, which aligns with the decrease trendline of a forming symmetrical triangle.
XRP Market Overview
At the time of writing, XRP trades at $1.43, reflecting a 3.68% decline within the final 24 hours. Meanwhile, every day buying and selling quantity is down 42.36% to $2.38 billion. However, the altcoin exhibits a slight 0.98% acquire on its month-to-month chart, indicating that some new entrants stay in revenue.
According to the MCO Global analysts, the current XRP market construction is “extremely corrective and unstable.” Amid this prevailing uncertainty, holding above the $1.40 help degree stays essential to sustaining any bullish momentum. With a market cap of $88 billion, XRP stays the fifth-largest cryptocurrency.
