XRP rose 3.91% to $1.36 in 24 hours as the wider crypto market recovered alongside Bitcoin. The move came as Bitcoin gained 3.01%, while total crypto market value also rose by more than 3%.
The rebound placed XRP back above the $1.33 support area after a recent pullback below $1.30. However, the move showed no clear XRP-only catalyst. Instead, the token followed the broader market bounce, while traders watched resistance near $1.40 and $1.42.
XRP’s latest gain came as major digital assets moved higher after recent market stress. Bitcoin led the recovery, and several large-cap altcoins moved in the same direction. XRP slightly outpaced Bitcoin, though its price action stayed closely tied to wider market sentiment.
The move followed earlier pressure linked to weak risk demand and spot Bitcoin ETF outflows. However, the latest rebound suggests traders returned to large-cap crypto assets after oversold conditions. Santiment-linked market commentary also pointed to renewed interest after the sharp pullback.
XRP had dropped below $1.30 during the recent decline, marking its lowest level since early April. The recovery to $1.36 helped the token regain part of those losses. Even so, XRP remains below several key technical levels that traders continue to monitor.
For now, the $1.33 level remains the main support zone. A firm hold above that area could allow XRP to retest $1.42. However, a break below $1.33 could expose the token to another move toward $1.25.
Several analysts remain cautious about XRP’s latest technical shift. Ali Martinez said “XRP is breaking out,” but his chart pointed to a bearish move. According to his post, XRP broke below the rising trendline of a symmetrical triangle on the daily chart.
Martinez warned that the token could fall toward $1.14 if the breakdown continues. His view came after XRP failed to hold gains near $1.55 last week. The token quickly lost momentum and returned toward the $1.40 area before the wider market sell-off deepened.
However, CRYPTOWZRD offered a more balanced view. The analyst said XRP closed bullish on the daily chart, but added that it must reclaim $1.40 before a stronger rally can form. That level now acts as a short-term marker for buyers.
Meanwhile, analyst CW pointed to Binance trader positioning. According to the chart shared, top traders on Binance reduced short positions and added long exposure. CW said whales “are ending their XRP bearish bets,” though the token still needs stronger price confirmation.
Cryptorphic also warned that XRP broke below a major symmetrical triangle support line. The analyst said the token may retest the broken line as resistance. If XRP fails at that level, the next major support sits near $1.21.
XRP network activity also picked up this week. Santiment reported that around 4,300 new XRP wallets were created within 24 hours. That marked the fourth-largest network growth spike for XRP in 2026.
Exchange flow data also showed more than 35 million XRP moved off trading platforms in 24 hours. Such withdrawals can suggest accumulation when holders move tokens away from exchanges. Nevertheless, XRP’s price still depends heavily on Bitcoin direction and wider market strength.
The XRP Ledger is also preparing for the fixCleanup3_1_3 amendment on May 27. The update is expected to address issues involving NFTs, permissioned domains, and vaults. It will also introduce a new lending protocol to the XRP Ledger.
Network reports showed that nearly 46% of XRPL’s 846 nodes had upgraded by May 19. However, all 35 validators on the default Unique Node List supported the amendment.
Ripple CTO David Schwartz also addressed chain-split concerns, saying a credible fork would require several independent validator operators to support another chain.
Regulatory sentiment remains another factor for XRP traders. The CLARITY Act cleared a Senate committee on May 14, keeping the market focused on US crypto policy progress. For now, XRP’s near-term path depends on whether buyers defend $1.33 and push the price back above $1.40 to $1.42.
Also Read: Bitcoin News Today: US CLARITY Act Vote Fuels Bitcoin Optimism as Santiment Warns Traders