Ripple’s native token experienced a significant downturn this week, reaching a crucial support zone that has proven resilient throughout 2025. On May 28, XRP bottomed at $1.2710, a level that previously served as support during February and on two separate occasions in April.
The digital asset declined approximately 18% over a two-week period from its May 14 peak of $1.5480. This downturn coincided with a widespread cryptocurrency market correction that impacted Bitcoin and numerous alternative coins.
Recovery efforts began shortly after. On May 29, XRP regained ground above $1.29 but encountered selling pressure around $1.32. The asset is presently positioned beneath the 100-hourly simple moving average.
Market participants are closely monitoring the $1.2710 support threshold. Three distinct rebounds from this price point throughout the year have created what appears to be a triple-bottom configuration, a pattern technical traders frequently interpret as diminishing bearish momentum.
Additionally, a hammer candlestick formation is developing on the daily timeframe, characterized by a compact body and extended lower wick. This specific pattern commonly emerges prior to temporary price recoveries.
Should XRP successfully defend the $1.2710 level, market observers identify a potential rally toward $1.50, representing approximately 15% upside from present valuations. Critical overhead resistance zones include $1.3280, followed by $1.3420, and subsequently $1.3650.
Market analyst ChartNerd shared on X: “$XRP has swept below the $1.30 guardrail and is now searching for the lowest daily candle close since early February. Current FIB support rests between $1.28/$1.24. It’s got to hold, or the $1 potential opens up sooner rather than later.” This observation underscores the significance of maintaining current support levels.
$XRP has swept below the $1.30 guardrail and is now searching for the lowest daily candle close since early February. Current FIB support rests between $1.28/$1.24. It's got to hold, or the $1 potential opens up sooner rather than later. https://t.co/qhmXAfhi4R pic.twitter.com/Q3SbFcYLrp
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ChartNerd
(@ChartNerdTA) May 28, 2026
A breakdown beneath $1.2720 would expose downside objectives at $1.2550 and subsequently $1.2250. Further deterioration could test the year-to-date minimum of $1.1176.
Despite price headwinds, fundamental metrics paint a more optimistic picture. Spot XRP exchange-traded funds have accumulated $118 million during May, representing the strongest monthly performance in 2025 and ranking third-highest since product launches.
Bitwise’s XRP ETF has independently gathered over $446 million in cumulative inflows and currently manages $337 million in assets under management. Additional data revealed institutional clients purchased $1.77 million of XRP during one trading session, elevating combined ETF net assets to $1.12 billion.
In stark contrast, spot Bitcoin ETFs experienced outflows exceeding $2 billion this month, while Ethereum-based funds witnessed $401 million in withdrawals.
Ripple’s RLUSD stablecoin has maintained impressive expansion. The asset now boasts a $1.8 billion market capitalization, substantially higher than its initial $697 million valuation. Adjusted transaction volume reached $11.1 billion, reflecting a 61% monthly increase.
XRP concluded May 29 trading sessions near $1.30, with market participants on both sides closely observing the critical $1.2710 support threshold.
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