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<a href="https://jpyxx.com/xrp-usd/">XRP</a> Is Sitting on a Level That Could Decide the Next Move

Key Takeaways:

  • XRP trading at $1.33, sitting directly on 0.786 Fib at $1.336.
  • RSI at 42.62, pressing toward oversold without confirming it yet.
  • 0.618 Fib at $1.381 and the 50/100 SMA cluster are next resistance if bulls hold.
  • $1.278 stopped the May 28 drop and remains the key downside floor.
  • Santiment recorded 25.24M XRP leaving exchanges on May 29-30 after peak inflow day.

A Level That Has Stopped Price Before

As a researcher, I’m currently observing XRP trading at $1.3357. Interestingly, the price is right at a key Fibonacci level – specifically, the 0.786 retracement at $1.336. We saw a recent dip on May 28th, where the price fell to $1.278 before buyers managed to push it back up. Now, the big question is whether this $1.336 level will hold as support, or if it will act as resistance and send the price back down towards that previous low.

XRP has been facing significant resistance lately. Throughout April and early May, it repeatedly tried to climb above the $1.44 to $1.48 price range, an area marked by key technical indicators. However, each attempt failed, and the price eventually fell back to where it started its recovery in April. Now, the $0.786 Fibonacci level is the last major support level remaining before a more substantial price drop could occur.

The Relative Strength Index (RSI) is currently at 42.62 for the main line and 41.27 for the signal line. While not yet indicating oversold conditions, both are moving in that direction. This suggests the price could rise somewhat from here without needing to fall further first, potentially benefiting buyers who step in at this point.

The Bullish Case

If the price stays above $0.786 and consistently closes each day above $1.336, it could soon reach $1.381, a key Fibonacci level. This level is very close to where two important moving averages – the 50-day SMA at $1.3952 and the 100-day SMA at $1.3883 – are currently located. Breaking through $1.381 would position XRP near these moving averages, and a strong move past both of them could lead to a rise towards $1.41, which is the bottom of a previous price range where it faced selling pressure.

For the price to keep going up, it needs to stabilize at each level first. While a small rise from $1.336 doesn’t automatically mean it will reach $1.38, it could be the first step in that direction.

The Bearish Case

If buyers can’t maintain the current price, and the price falls below $1.336 (turning what was previously support into resistance), the next likely support level is around $1.278. This would complete a full reversal of the price increase from April’s low, and it’s also the level where the price briefly stopped falling in late May. If the price closes below $1.336, it could fall to $1.278 fairly quickly, as there isn’t much support expected in between.

If the price falls below $1.278, the market’s pattern becomes less clear, and it could potentially drop below $1.30.

Ali Charts and the Hourly Channel

Ali Charts is analyzing price movements on a shorter-term chart. He’s identified $1.34 as a possible area to buy XRP, specifically at the low end of an upward-trending channel on the 1-hour chart. He explained that he’s watching this level as a potential entry point.

I’m watching the bottom of the rising channel at $1.34 as a potential buying zone for $XRP.

If it holds, targets sit at $1.37 and $1.40.

— Ali Charts (@alicharts) May 31, 2026

If the current trend continues, the price is likely to reach $1.37 or $1.40. These potential price points are supported by Fibonacci levels and previous resistance, creating a strong indication that this price range is significant for both short-term and daily trading.

What the On-Chain Data Adds

Santiment’s data tracking XRP movement on exchanges revealed a significant event. On May 28th, a large amount of XRP – 22.80 million – was deposited onto exchanges, which often suggests people are rushing to sell or that larger holders are preparing to reduce their positions. However, the opposite happened. Over the next two days, May 29th and 30th, an even larger amount of XRP – 25.24 million – was withdrawn from exchanges.

Following a large deposit of XRP onto exchanges on Thursday – the biggest of the year – data shows even more XRP has since been withdrawn, with 25.24 million XRP leaving exchanges.

🤦 The massive flow of coins moving on to exchanges occurred right at the local bottom for…

— Santiment Intelligence (@SantimentData) May 30, 2026

The key is when this happened. A large number of XRP coins entered exchanges just as the price hit a 15-week low, meaning those selling did so at the worst possible time. The fact that those coins then quickly left the exchanges suggests buyers stepped in at that low price, or that the original sellers decided against continuing to sell. Since that price drop, XRP has bounced back about 5%, according to Santiment.

The recent dip to $1.278 might have just been a temporary sell-off, not the beginning of a longer-term decline. Whether the price can stay above $1.336 will likely indicate if this assessment is correct in the coming days.

This article is for informational purposes only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t recommend any particular investment or cryptocurrency. Always do your own research and talk to a qualified financial advisor before investing.

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2026-05-31 11:01