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XRP traded near $1.40 in May as a fresh TD Sequential buy signal and renewed institutional inflows lifted breakout expectations. Analyst Ali Martinez said the signal appeared on XRP’s 4-hour chart, suggesting local selling pressure may have eased. At the same time, SosoValue data showed XRP funds recorded $28.17 million in weekly inflows, their first and largest weekly inflow in May.
XRP has struggled to clear major resistance zones since February. The token first tried to rebound after the early-month market shock but failed near $1.65. A month later, sellers stepped in before XRP reached that level again. The asset faced pressure near $1.60, showing that bears still controlled the upper range.
The same pattern continued in April and May. XRP’s recovery attempts faded near $1.50 in April and $1.47 in May, leaving traders focused on lower resistance levels. Still, buyers defended the $1.30 area after each rejection. This zone has become XRP’s most important support level in recent months.
Now, market focus has shifted to whether XRP can finally break this pattern. Can the latest buy signal help XRP move past resistance this time?
Ali Martinez, who often tracks the TD Sequential indicator, said the metric flashed a buy signal on XRP’s 4-hour chart. The indicator tracks possible exhaustion in price moves. According to Martinez, the signal suggests ‘local exhaustion is over, and XRP is ready to rebound.’ He pointed to $1.45 as the first target.
He also named $1.80 as a higher target ‘once we clear the overhead supply.’ Martinez had mentioned the same level last week during XRP’s tight trading range. The latest signal follows a recent sell alert from the same metric. On May 6, XRP touched $1.46 before the TD Sequential flashed a sell signal.
After that signal, XRP dropped more than 5% in less than 48 hours. This move added attention to the indicator’s latest buy reading. Other analysts also pointed to XRP’s compressed price action. MikybullCrypto said XRP’s triangle consolidation could soon end, while asking which direction the breakout may take.
Also Read: XRP Price Nears Key Pattern Apex, Is $1.80 the Next Target?
Institutional demand also showed signs of recovery in May. SosoValue data showed XRP-based funds posted $28.17 million in combined weekly inflows. That marked the first and highest weekly inflow for XRP funds in May. The inflows followed a weak prior week, when the products saw poor performance.
The rebound came as the broader crypto market traded mostly higher over the last week. XRP also held mainly above the $1.40 zone during that period. As a result, market watchers linked the fund recovery to stronger confidence in XRP’s price outlook. The inflows suggested institutions increased exposure as sentiment improved.
Fellow analyst CW said futures market conditions showed ‘absolutely no downside pressure.’ CW described the drop below $1.40 as an ‘artificial decline.’ CW also predicted that ‘bigger upward momentum will occur’ once the decline ends. Meanwhile, analysts cited in the text said XRP could target $2 before May ends if bullish momentum continues.
XRP remains near a key point in May as buyers defend the $1.30 support zone and traders watch the $1.45 resistance level. The TD Sequential buy signal, $28.17 million in weekly ETF inflows, and stronger market sentiment have increased breakout expectations. A clear move above overhead supply could shift attention toward $1.80 and possibly $2.
