XRP News: XRP price is trading at $1.44, pressed against the upper border of the descending parallel channel that has capped the asset since its highs in late April, while on-chain metrics have been compiled by Cryptoquant A neutral to slightly bullish reading appears with spot markets showing buy-side dominance and cold selling pressure.
The data is not yet in line with the price action, Derivative feelings It has turned constructive, and signs of accumulation are increasing, but the bears maintain structural control above current levels.
Whether XRP can turn those on-chain signals into a clean technical breakout, or whether macro headwinds force another rejection at $1.48, is the question that determines the asset’s near-term trajectory.
🐳 According to our on-chain data, the XRP Ledger has now reached an all-time high of 332,230 wallets holding at least 10K $XRP. This extends a continuing growth trend that has been building since June 2024. The continued rise in XRP Ledger wallets holding at least 10,000 XRP is… pic.twitter.com/bd68Os2mJR
– Santiment Intelligence (@SantimentData) May 12, 2026
XRP tested the $1.50 psychological level over the weekend and was pushed back, leaving a new rejection point now entrenching the bearish case. This failed attempt extended a pattern familiar to anyone who has followed this asset during its consolidation phase: chain conditions improve, price approaches resistance, and sellers re-emerge before the daily close can confirm the move.
Previous CoinSpeaker analysis pointed to the $1.45 to $1.48 range as a pivotal rangenoting that on-chain flow data and volume dynamics at this level will determine whether the channel will hold or break, a call that will remain live.
The broader cryptocurrency market is also trading cautiously on Tuesday, with Bitcoin and Ether similarly declining amid geopolitical risks. US President Donald Trump dismissed Iran’s counterproposal on Middle East negotiations as “completely unacceptable”, while Iranian Foreign Ministry spokesman Esmail Baghaei described the terms as “reasonable” and “generous”, a confrontation that kept risk appetite measured across digital assets.
explores: Meme Coin Supercycle: Best performing this week
XRP News: Can XRP price break above $1.48 and target the moving average of $1.71?
… A daily close above both would represent a breakout of the channel and a restoration of the general resistance that has been in place since the late April bounce.
Techniques are constructive but not decisive. The Relative Strength Index on the 4-hour chart is at 61, reflecting improving momentum without indicating overbought conditions. The MACD remains above the zero line with chart readings consistent with the bullish momentum phase still intact. Neither indicator indicates urgency. The decision depends entirely on the price structure itself.
The on-chain data adds a moderate upward slope. Queen Glass offers The OI weighted financing rate turned positive on Friday, reaching 0.0048% as of Tuesday. Long positions drive short positions, reflecting a real bias toward bullish positions in derivatives.
CryptoQuant confirms this through buy-side dominance in spot XRP markets and sell-side pressure cooling in line with accumulation dynamics reasserting themselves in this identified resistance area.
Source: XRPUSD / Tradingview
The disconnect between improving chain conditions and prices stalling at resistance is a signal worth watching. Historically, accumulation below structural resistance coupled with reduced drainage flows has preceded breakout movements. The setup is in place. Confirmation is not.
A daily close above $1.49 on heavy volume clears both the channel boundaries and the 100-day EMA, revealing the 200-day EMA near $1.71 as the next target, with $1.90 behind it. Failure to maintain $1.41 on the daily close reopens the way towards $1.30.
The escalation in the Middle East remains an active variable that may overwhelm the technical preparation in either direction. Ripple’s Q2 network update, expected later this month, is the other key input to keep an eye on.
The $1.48 to $1.49 range solves everything. Until XRP closes a daily candle above it, the on-chain bullish trend case remains a thesis and not a trade.
discovers: Best coins to buy in 2026
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
Neil is a professional cryptocurrency content writer with years of experience. He has written for numerous cryptocurrency websites to report breaking news, and has been hired by all kinds of cryptocurrency projects, to create content that will increase their exposure and attract more potential investors.
