- XRP must hold $1.40 to keep recovery hopes alive
- Analysts see upside targets at $1.55 and $1.67
- Break below support may expose a drop toward $1.30
XRP remains under pressure after failing to sustain momentum above $1.55, but traders are still watching a critical support zone near $1.40. The asset has posted unstable price action throughout May, with repeated rallies followed by sharp retracements. At press time, XRP traded near $1.43 after falling 3.68% over the past 24 hours, while daily volume dropped more than 42%.
XRP Support Zone Keeps Short-Term Bullish Scenario Active
According to analysts at MCO Global, XRP continues to trade inside a highly corrective structure. Despite the volatility, the market has so far defended the $1.40 support area. Analysts believe this level remains the most important short-term pivot for price direction.
The recent decline followed a rejection near $1.55, which interrupted XRP’s previous recovery attempt. Analysts using Elliott Wave theory suggest the latest pullback may represent a corrective wave before another move higher. As long as XRP stays above $1.40, buyers could attempt another push toward $1.55 and $1.58.
A stronger breakout could open the door toward $1.67. That would represent a gain of roughly 16% from current levels. However, analysts noted that bullish continuation still lacks confirmation because price action remains nervous and inconsistent.
XRP Price Risks Deeper Correction if Trendline Breaks
The downside scenario becomes more serious if XRP loses the $1.40 level. Analysts warn that a break below support could quickly expose the next key floor near $1.37. If that area also fails, traders may shift focus toward the lower trendline support around $1.30.
The broader XRP structure still reflects uncertainty across the crypto market. Although the token holds a small monthly gain of nearly 1%, short-term momentum has weakened. The recent correction erased much of the earlier upside momentum seen at the start of May.
MCO Global described the current XRP market structure as unstable, emphasizing that support remains the only factor preserving bullish expectations. Market participants are closely monitoring whether XRP can stabilize above the ascending trendline before another volatility wave emerges.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
