"XRP ( ) is trading around $1.47 on May 12, after a 6% rally on Sunday briefly pushed it to $1.50-the largest one-day move in two months-driven by the Senate Banking Committee scheduling the CLARITY Act markup for May 14. Sellers quickly stepped in at $1.50, and traders remain divided on whether XRP holds the breakout or corrects back toward $1.30."
"Our ChatGPT and Claude AI simulations both point to difficulty reaching $1.50. expects XRP to trade between $1.30 and $1.45 over the next four to six weeks as buying momentum from the April rally fades and selling pressure continues to build near resistance levels. That makes a retest of $1.30 more likely before any stronger move higher."
" sees a similar setup, projecting a short-term range of $1.25 to $1.52. The model notes that if XRP fails to break and hold above $1.50 soon, the price could slide back toward the $1.25-$1.30 area."
"A major reason both models lean cautiously is the heavy selling pressure around $1.44-$1.45 price levels . Roughly 36.8 billion XRP, or about 60% of the circulating supply, is held near that cost basis. As XRP approaches that level, many holders sell to break even, creating a strong resistance wall."
XRP is trading around $1.47 after a 6% rally that briefly reached $1.50, the largest one-day move in two months. Sellers moved in at $1.50, and traders are split on whether the breakout can hold or whether price will correct toward $1.30. Since early February, XRP has moved within a $1.30 to $1.50 range amid weakening market sentiment and persistent selling pressure. AI simulations project difficulty sustaining a move to $1.50 and instead expect a near-term range with a higher likelihood of a retest of $1.30. Heavy selling pressure near $1.44 to $1.45 is linked to a large portion of supply held near that cost basis, creating strong resistance. Even with bullish catalysts, the price has not broken decisively above the range, suggesting another pullback may be needed.
Read at 24/7 Wall St.
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