TLDR
- XRP is trading around $1.33–$1.34, down 0.32% in the past 24 hours
- The $1.35 level is a critical support zone — a break below could push price to $1.33 or lower
- A declining channel is forming on the hourly chart with resistance at $1.3380
- If bulls defend $1.35, upside targets sit at $1.37, $1.39, and $1.40
- Analyst Josiah Gallegos says the next 7 days are “make or break” for XRP
XRP is sitting at a key decision point. The asset is trading around $1.33–$1.34, with a market cap of $82.64 billion and a 24-hour volume of $1.41 billion. Price has slipped 0.32% over the past day, and the chart structure is showing signs of pressure.
The $1.35 zone has become the most-watched level for XRP right now. Analyst Ali Martinez pointed out that XRP is trading at the lower bound of a rising channel, which can act as a buying zone. But if sellers push through it, the next stops are $1.33, then $1.31.
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. pic.twitter.com/to0eq1SADA
— Ali Charts (@alicharts) May 31, 2026
On the hourly chart, a declining channel has formed with resistance sitting at $1.3380. XRP has already broken below the 38.2% Fibonacci retracement level of the move from $1.2658 to $1.3642. That’s a technical warning sign.
The price is currently holding above $1.3150 and the 100-hour Simple Moving Average. That level is the next line of defense if $1.35 gives way.
Crypto analyst Josiah Gallegos weighed in on X, calling the current setup a “make or break” moment for XRP. He said a clean break above the trendline could spark a rally, while a rejection risks another leg down. Gallegos urged traders to watch daily closes closely over the next seven days, saying a breakout with volume could be the catalyst many have been waiting for.
$XRP Decision Time is Approaching FAST. ⏳
These next few days are absolutely critical.
A strong break above the trendline could spark a powerful rally, while a rejection risks another leg down.
The consolidation spring is coiled tight — and it’s about to snap. This is one of… pic.twitter.com/kXCGQftJ8p
— Josiah Gallegos (@josiahmarqus) May 31, 2026
Levels to Watch on the Upside
If XRP holds $1.35 and buyers step in, the first resistance levels are at $1.3380 and $1.3420. Above those, the price could push toward $1.350, then $1.3580, and eventually retest the $1.3642 high.
A move above $1.350 would be a positive sign. The next major hurdles after that are $1.3650 and $1.3740.
What Happens If Support Breaks
If XRP fails to hold $1.3150, the chart points to $1.3120 and $1.3050 as the next supports. Below that, $1.2920 and $1.2880 come into play.
The tight range between $1.35 and $1.40 means that even small moves in either direction could carry weight. Low-news periods like the current one tend to let technical levels do the heavy lifting.
XRP’s market share sits at approximately 3.32%. Daily volume of $1.41 billion reflects moderate activity as the market waits for a clear directional move.
