The XRP open interest has fluctuated over the last year, moving from peaks to lows as the market has struggled to determine a direction.
Popular trader DonAlt, who accurately predicted XRP's phenomenal rally from $0.6 to $3.5 in the 2024–2025 cycle, broke his silence to cool down market participants. Spoiler: there is no bullish "hopium" here.
XRP price has dropped below the critical $1.30 support level. Here are the key technical targets and macro developments driving the market.
XRP has entered bearish territory following its inability to maintain prices above $1.320, descending to a 15-week low in the vicinity of $1.2677. This downturn mirrors weakness across the broader cryptocurrency market, where major assets including Bitcoin and Ethereum face similar downward pressure.
XRP hit fresh 15-week lows after losing a key support zone, with exchange outflows failing to offset persistent selling pressure.
Ripple Prime has joined the CME Group's newly launched 24/7 cryptocurrency futures and options marketplace as a day-one clearing and financing partner.
XRP price extended losses and traded below $1.320. The price is now consolidating losses and faces hurdles near $1.2880 and $1.30.
On-chain data shows exchanges recently received the largest XRP deposit wave of 2026, before withdrawals completely flipped the trend. XRP Has Seen Massive Outflows That Reversed The Earlier Deposits As pointed out by on-chain analytics firm Santiment in an X post, exchange-activity related to XRP has occurred on a notable scale in both directions recently.
XRP is trading at a pivotal technical level as the cryptocurrency continues to test a long-established support zone near $1.30. After spending several months within a descending triangle pattern, the asset is now pressing against the lower boundary of its trading structure, raising concerns about a potential breakdown.
As the asset continues to push against a long-standing support zone close to $1.30, XRP is trading at a crucial technical level.
Burning the remaining escrow is an option Ripple has not ruled out, though its own chief architect has questioned whether doing so would actually move the price. David Schwartz pointed to a 2019 decision by the Stellar Development Foundation, which destroyed 55 billion XLM — half of its total supply — without triggering any noticeable price movement.
XRP, Solana (SOL), and Cardano (ADA) are among the few cryptocurrencies that analysts believe could be significantly impacted by the upcoming CLARITY Act crypto bill. Recent updates show that the bill is still moving through the approval process, with a Senate vote expected this June.