XRP pushes toward $1.40 as tightening range lowers breakout chances

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email XRP pushes toward $1.40 as tightening range lowers breakout chances Price moved higher on a late volume burst, with traders watching whether compression near $1.39-$1.40 finally resolves into a larger move. By Shaurya Malwa May 8, 2026, 2:53 p.m. 2 min read Make preferred on What to know : XRP is grinding toward the top of its recent range just below $1.40 as volatility tightens and liquidity thins, setting up the potential for a sharper breakout. Analysts highlight bull flag and falling wedge patterns, along with XRP ETF inflows and weaker Binance order books, as signs the market may be shifting into a higher-volatility phase. Traders are watching resistance at $1.3930 to $1.3950 and support near $1.3825, with a break higher opening the way toward $1.42, $1.47 and possibly the $1.60 to $1.73 zone. XRP keeps grinding toward the top of its recent range, and the move is starting to matter more because liquidity has thinned out while price keeps compressing underneath resistance. That combination tends to make breakouts sharper once the market finally picks a direction. News Background • Analysts continue pointing to longer-term bull flag and falling wedge patterns that resemble setups seen before previous XRP rallies. • XRP ETF inflows and thinning Binance liquidity have added to speculation that the market is entering a higher-volatility phase after weeks of sideways trading. Price Action Summary • XRP traded in a tight 1.4% range between $1.3787 and $1.3948 over the 24-hour session. • A late-session push lifted price from $1.3879 to $1.3930 on a 1.45M volume spike, breaking above the immediate consolidation ceiling. • Support repeatedly held between $1.3825-$1.3870, while sellers continued defending the $1.3930-$1.3950 zone. Technical Analysis • The market has spent weeks compressing between support near $1.38 and resistance just below $1.40, with volatility continuing to tighten. • Volume expanding into the latest move higher matters because thin liquidity conditions tend to exaggerate price reactions once resistance finally gives way. • XRP is still stuck below larger breakout levels near $1.47 and $1.50, but repeated tests of resistance usually weaken seller control over time. • Analysts tracking bull flag and wedge formations continue targeting the $1.60-$1.73 range if the broader structure confirms. What traders should watch • $1.3930-$1.3950 is the immediate resistance zone. A sustained move above it shifts focus toward $1.42 and $1.47. • $1.3825 remains the key support floor holding the current consolidation structure together. • Liquidity conditions remain unusually thin, increasing the odds of a fast move once the range finally breaks. More For You Coinbase bulls point to crypto legislation and stablecoins after earnings miss By Helene Braun | Edited by Nikhilesh De 1 hour ago Analysts say Coinbase’s long-term growth may depend more on stablecoins and U.S. crypto legislation than a rebound in trading activity. What to know : Coinbase’s weaker-than-expected first-quarter results and slowing trading activity have deepened a Wall Street split over whether its business is still overly tied to crypto’s boom-and-bust cycles. Several firms, including JPMorgan, Clear Street and Oppenheimer, remain positive on the stock, citing growth in stablecoins, derivatives, prediction markets and Coinbase’s broader “Everything... Read full story Latest Crypto News CoinDesk 20 performance update: NEAR Protocol (NEAR) gains 6.3%, leading index higher 1 hour ago Stablecoins have their 'permission slip.' Now comes the hard part. 1 hour ago Coinbase bulls point to crypto legislation and stablecoins after earnings miss 1 hour ago U.S. added 115K jobs in April, nearly doubling expectations 2 hours ago U.S. hiring slowdown could be great for bitcoin — unless wages spoil the party 3 hours ago Coinbase blames AWS for hours-long crypto trading outage 3 hours ago Top Stories AI agents could solve crypto’s user problem 9 hours ago Bitcoin shows 2-cent price on Revolut as users report apparent BTC display glitch 5 hours ago Arbitrum approves $71 Million ETH release despite U.S. seizure fight 5 hours ago S&P 500 call options volume surges to record $2.6 trillion. Here's what it means for bitcoin 5 hours ago Bitcoin slips below $80,000: Why the 'Trump rally' is hitting a wall of profit-taking 6 hours ago Consensus panelists explain why Perp DEXes remain a tough sell for institutional investors 8 hours ago