XRP Elliott Wave Setup Points To Strong Surge Through Late May Breakout

As market dynamics evolve and pressure builds to strengthen Europe’s position in the global crypto economy, the European Commission (EC) has launched a review of its landmark crypto framework to keep pace with the evolving digital asset landscape. Related Reading: XRP ‘Under Heavy Resistance’ After Key $1.50 Rejection – Is A Drop To $1 Next? EC Opens Review Of EU Crypto Rules On Wednesday, the European Commission launched a consultation on the functioning of the European Union’s (EU) regulatory framework on crypto assets, the Markets in Crypto‑Assets Regulation (MiCA). The regulator is seeking feedback from stakeholders and the public on whether the current framework remains fit for purpose, noting that the crypto markets and broader policy landscape have evolved since it took effect in 2024. According to the announcement, the Commission is evaluating whether updates to the framework are needed to reflect the developing landscape. Specifically, the consultation seeks input on MiCA’s co

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 $1.3940. XRP price started a recovery wave above the $1.3620 zone. The price is now trading below $1.3850 and the 100-hourly Simple Moving Average. There was a break above a declining channel with resistance at $1.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.3940. XRP Price Eyes Recovery XRP price remained supported above $1.3450 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.3550 and $1.360 to enter a short-term positive zone. More importantly, there was a break above a declining channel with resistance at $1.380 on the hourly chart of the XRP/USD pair. However, the bears could be active near the $1.3820 zone and the 23.6% Fib retracement level of the downward move from the $1.5495 swing high to the $1.3465 swing low. The pr

XRP is struggling below resistance as selling pressure weighs on a price that has retreated from the $1.45 level that briefly offered hope of a sustained recovery. The market is cautious, and an Arab Chain report tracking institutional accumulation behavior has identified a shift in large investor activity that provides a specific on-chain explanation for why the current weakness has been difficult to arrest. Related Reading: Bitcoin’s 2026 Market Structure Reveals A Problem Hidden Beneath ETF Growth The institutional accumulation indicator for XRP on Binance has dropped to approximately -0.0059, returning to negative territory after a period of meaningful improvement through April. The regression matters because of what preceded it. From late March onward, the indicator had been climbing gradually — a sustained, directional improvement that reflected growing institutional buying interest as XRP’s price recovered toward $1.45. The positive readings that accompanied that price improveme

A three-week campaign is giving XRP holders a new way to put idle tokens to work while retaining cold-wallet security. The initiative removes the need to purchase separate gas tokens during deposits and includes a $40,000 reward pool tied to XRP and FLR incentives. XRP Utility Push Expands Through Flare Integration Many XRP holders continue […]

Wyoming’s special purpose depository institutions — companies built around crypto — could soon have a path to something they’ve long been denied: a Federal Reserve master account. A new executive order signed by US President Donald Trump puts that possibility on the table, along with a broader push to open up the US banking system to crypto and financial technology companies. Related Reading: XRP Will Go ‘Higher, Much Higher,’ Analyst Says, Betting On Explosive Breakout The Fed’s Role Under Scrutiny The order calls on the Federal Reserve’s Board of Governors to weigh whether uninsured depository institutions and non-bank financial companies that deal in digital assets should get direct access to Reserve Bank payment accounts and services. It also asks the Fed to look at legal barriers to that access and, if current law allows it, to set up clear application procedures. Decisions on completed applications would need to come within 90 days. That directive is one piece of a much larger po

Bitcoin looks on track for a rally toward $80,000 while HYPE, ZEC and a handful of altcoins are pushing toward their range highs.

XRP’s supply mechanism is one of the most controversial talking points in the crypto market. XRP exchange reserves have been falling for months, and the on-chain numbers are glaring. Now, a crypto pundit on X is connecting that structural shift to a chain of events that could send the XRP price into territory the market has never seen. XRP Supply Shock Could Push Exchanges Into A Liquidity Crisis A crypto pundit known as DelCrxpto has added an interesting angle to a scenario where XRP demand overwhelms available exchange supply and forces a new liquidity structure around Ripple’s XRP reserves. Whenever demand rises faster than available supply, price must adjust. XRP could eventually reach a point where exchanges struggle to source enough spot supply to meet demand from buyers, institutions, and liquidity providers. Related Reading: Trillion-Dollar Italian Bank Moves To XRP, But How Much Have They Bought? The pundit predicted that exchanges will eventually run out of XRP supply, demand

The idea of XRP trading at $589 may sound unrealistic at first, but the rationale behind it is not based on a normal crypto rally. Instead, it is based on a scenario where the XRP Ledger becomes part of high-value delivery-versus-payment settlement at the DTCC/CLS layer, with the altcoin acting as the liquidity asset behind large institutional transactions. Meanwhile, under that model, $589 is the level XRP would need to reach to support about $73 trillion in annual settlement flow with limited slippage. The Transactions That Cannot Be Made Smaller To understand the $589 figure, one must first understand the category of transaction it is designed to accommodate. Also, the $589 XRP calculation starts with the assumption that the XRP Ledger achieves delivery-versus-payment adoption at a layer comparable to the Depository Trust & Clearing Corporation (DTCC) and Continuous Linked Settlement (CLS).  Related Reading: Analyst Says XRP Path To $100 Is Not Straightforward, These Things Will Hap