Ripple (XRP) is hovering just below a key technical ceiling at $1.40, with traders weighing steady inflows into spot XRP ETFs against weakening liquidity and renewed macro uncertainty. While community sentiment has improved following the opening of the ‘XRP Las Vegas 2026' conference, the token's near-term direction appears likely to hinge on whether bulls can reclaim $1.40 with convincing volume.
XRP trades near $1.38 as analysts track bull flag signals, key $1.3930 resistance, and Ripple's institutional expansion.
XRP from Ripple is currently valued at $1.37 this Friday, May 1, following a streak of four consecutive declining sessions that resulted in weekly losses exceeding 4%.
Japan's crypto tax overhaul could soon make Rakuten's new XRP feature far more attractive. Policymakers are reviewing a proposal to slash capital gains rates on digital assets from 55% to 20% — a change that would dramatically alter how Japanese consumers think about holding and spending cryptocurrency.
Ripple CTO David Schwartz has weighed in on the ongoing debate around the Clarity Act, offering a grounded take on regulation, strategy, and where the crypto industry goes next. Speaking at XRPLasVegas 2026, Schwartz made it clear that while the Clarity Act may not be perfect, progress matters more than perfection.
A crypto market analyst has suggested that XRP appears to be forming “one of its most significant multi-year structural patterns to date,” which could lead the altcoin to a rally similar to its 2017 expansion. Related Reading: Ethereum Poised For $140% Rally If This Resistance Flips – Analyst Calls Breakout Inevitable XRP Eyes 2017-Like Expansion On Thursday, market observer ChartNerd stated that XRP appears to be repeating a setup that may surpass the scale of the 2017 pre-breakout formation, which led to a massive 68,000% expansion during that cycle.
In a recent social media post, Ripple CTO Emeritus David Schwartz threw cold water on the uber-bullish $10,000 XRP price target that is being hyped up by influencers.
XRP is struggling to hold the $1.35 level as the market consolidates in a range that has defined the price structure for weeks without resolving in either direction. The patience required to hold through this kind of sideways action is real — and a CryptoQuant report has just identified a structural condition beneath the surface that reframes what the current consolidation is actually building toward.
XRP clawed back some ground above $1.3620 but ran into fresh selling pressure near $1.3750. The token now trades below its 100-hour simple moving average at $1.3850, and a bearish trend line sits right at $1.3760.
Ripple (XRP) is losing momentum after a brief rebound, slipping into a directionless, bearish consolidation as traders focus on whether a key support level can hold. Several leading AI models broadly agree the token is in a ‘support test' phase—but diverge on how likely a near-term bounce is and how far it could extend.
XRP price started a recovery wave above $1.360 and $1.3620. The price is now consolidating and might aim for a fresh move if it clears $1.3830.
Ripple Custody will support Kbank's digital asset wallet expansion in Korea's regulated banking sector. The deal gives Korea's first internet-only bank managed infrastructure for custody, asset control, and cross-border payment capabilities. Key Takeaways: Ripple will provide Kbank with managed custody infrastructure for institutional digital asset wallets. Kbank gains multi-party computation-based tools across multiple blockchain networks.