XRP price prediction: Will $1.24 support hold as XRP drops 3.34%?

Traders Union
All News
Crypto News
XRP slides 3.34% today to $1.29

Highlights

Ripple formally urged the SEC to grant XRP regulatory parity with Bitcoin and Ethereum, potentially shaping future institutional access and compliance standards.
XRP ETFs accumulated $1.409 billion in net inflows and $1.12 billion in assets, reflecting resilient institutional interest as regulatory risks recede post–SEC case.
XRP trades below major technical thresholds with strong downside momentum, forecasting a likely $1.24–$1.32 consolidation as bearish signals dominate.

Institutional access expands as regulatory clarity and network upgrade reshape outlook

Ripple submitted a formal response to the SEC Crypto Task Force on May 27, 2026, requesting that XRP receive similar regulatory treatment as Bitcoin and Ethereum under broker-dealer and collateral rules, which may influence future institutional accessibility and compliance frameworks. Alongside regulatory moves, the XRPL mainnet has been upgraded to version 3.1.3, with 67% of network nodes completing the update and remaining nodes now amendment-blocked until they also upgrade—this enforces protocol compliance and could affect short-term network operations. XRP ETFs have recorded $1.409 billion in cumulative net inflows, raising fund assets to $1.12 billion as institutional demand persisted, and US regulatory clarity post–Ripple vs SEC now permits US institutions to hold XRP, reducing major regulatory risk for Ripple, though price action has remained under broader selling pressure.

Downtrend pressure holds as key resistances encounter oversold technicals

XRP faces resistance at the Ichimoku Kijun level of $1.4258, while the asset is trading below the MA-20 ($1.3955), MA-50 ($1.3966), and MA-200 ($1.6694) thresholds. The current price is confined within the intraday range of $1.2687–$1.3113, with no major session gap and moderate volatility observed. On the momentum side, MACD and ADX on the daily chart reveal ongoing selling strength and a lack of trend conviction. Oscillator readings are weak, with RSI at 35.3 and CCI at -125.3 pointing toward emerging oversold conditions, while Stoch RSI confirms a deeply oversold state. BBP at -0.0186 underscores ongoing seller dominance, and the Awesome Oscillator aligns with the prevailing downtrend.

Limited rebound odds as persistent downside signals dampen bullish scenario

Over the next five trading days, XRP is expected to remain within a $1.24–$1.32 volatility band relative to current levels. The probability of a price rebound remains low, with the forecast favoring continued downside risk given the absence of bullish signals from weekly RSI, ADX, MACD, or the MA-50. The base scenario envisions prices consolidating in a sideways pattern as oversold signals persist. A decisive move above $1.43 would be required to trigger a bullish scenario, while failure to hold current levels could open the way for a retest of the $1.24 support area if selling momentum accelerates.

Anton Kharitonov, expert at Traders Union, notes that despite growing institutional demand and recent regulatory progress, XRP remains technically weak. He sees persistent downside momentum, with oversold signals but no confirmation of a reversal. The base case is sideways consolidation within a limited range unless $1.43 is decisively reclaimed. "For now, I remain cautious — unless XRP breaks above $1.43, the selling pressure still dominates."

Earlier, analysts noted that XRP was under sustained bearish momentum with limited evidence of a near-term reversal. The latest data reinforces this outlook, suggesting traders should monitor for a potential breakdown below $1.24 as persistent negative momentum raises the risk of further downside.

Source of Data: XRP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.