Ripple-linked XRP holds near $1.46 as breakout attempt fades despite $200 million raise

📄Full Article· Automatically extracted by trafilatura3553 words

Ripple-linked XRP holds near $1.46 as breakout attempt fades despite $200 million raise XRP briefly pushed toward $1.49 on heavy volume before stalling again near a resistance zone that has capped rallies for months. What to know: - XRP is repeatedly testing the $1.47 to $1.50 resistance zone and now holding near recent highs, a shift that suggests sellers’ control may be weakening. - Ripple’s prime brokerage arm is gaining institutional traction, with a new $200 million funding facility and tripled revenue amid growing demand for margin financing. - Traders are watching $1.47 to $1.50 as key resistance and $1.43 to $1.45 as near-term support within a broader triangle pattern that could precede a larger directional move. XRP keeps pushing into the same resistance area that has rejected rallies since February, but the way it’s trading is starting to change. Price is no longer getting sold off immediately after touching the range. Instead, XRP is holding near the highs, which usually matters more than the initial breakout itself. News Background • Ripple Prime secured a $200 million funding facility from Neuberger Berman to expand margin financing across traditional and digital asset trading markets. • Ripple said demand for its prime brokerage business has accelerated since the Hidden Road acquisition, with revenue tripling year over year. • The broader XRP narrative also continues shifting toward institutional infrastructure after Ripple, JPMorgan, Mastercard and Ondo recently completed a tokenized Treasury settlement on XRPL. Price Action Summary • XRP climbed from $1.4483 to $1.4565 during the 24-hour session, briefly reaching an intraday high of $1.4877. • Volume surged during the May 11 15:00 UTC session, when more than 105M XRP traded as price broke above $1.4750. • The rally later cooled into consolidation near $1.45-$1.46 rather than fully retracing, keeping short-term structure constructive. Technical Analysis • XRP is still trading inside a larger multi-month compression structure, but repeated tests near resistance tend to weaken seller control over time. • The market reclaimed several shorter-term moving averages during the recent move higher, improving momentum conditions beneath the surface. • Price continues to stall near the same $1.47-$1.50 region that has repeatedly capped upside attempts, making this the most important zone on the chart right now. • Volume profiles show relatively thin liquidity above current levels, which could accelerate moves quickly if XRP secures a clean break higher. What traders should watch • $1.47-$1.50 remains the key resistance area. A sustained move above it shifts focus toward $1.60. • $1.43-$1.45 is now the near-term support zone bulls need to defend to keep the breakout structure intact. • XRP is still compressing inside a broader triangle pattern, which raises the odds of a larger directional move once the range finally resolves. More For You Bitcoin held above $81,000 after touching $82,026 overnight, while solana led the major altcoins on the week as The Big Short investor warned the Nasdaq 100 had reached dot-com bubble territory and oil zoomed past $105 on fresh Iran ceasefire doubts. What to know: - Major cryptocurrencies, including bitcoin, largely held their gains near record levels even as global equity markets and other risk assets came under pressure. - Investor Michael Burry warned that tech and AI-related stocks are in a parabolic, overvalued phase, urging investors to take profits as semiconductor shares and the Nasdaq 100...

Data Status✓ Full text extractedRead Original (CoinDesk)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-04-25

Ripple-linked XRP stalls near $1.44 as 'triangle squeeze' nears breakout

2026-05-08

XRP Momentum Fades As Bulls Fail To Hold Breakout Zone

2026-05-03

XRP Bulls Eye Breakout As Ripple Unveils 13,000 Bank Connections Worldwide

2026-04-17

XRP Holds Breakout as Global Macro Conditions Improve and Stronger Institutional Flows Support Further Upside

2026-05-11

XRP spikes 2.5%, beating bitcoin and ether, in breakout above $1.45