XRP NEWS: Three Major Events Could Break the Range Before June

XRP Price Prediction: Triangle Breakout Could Send Ripple to $2.30

XRP has been stuck in a tight range for weeks now. No big breakout, no major crash — just slow compression while the market makes up its mind. But that quiet period is almost over.

Three major events are hitting before the end of May, and the chart is already at a level where something has to give.

Here is everything you need to know about where it stands today and what could happen next.

Where Is XRP Trading Right Now?

The altcoin is sitting around $1.41 at the time of writing, pressing up against the $1.50 resistance level. What makes this zone extra tricky is that the 100-day EMA on the daily chart lands right there too. Two walls stacked on top of each other.

The RSI is around 53 — dead center, no drama. That is not a bad thing. It means the market is not overheated, and buyers still have room to push. A clean daily close above $1.50 changes the whole picture.

Why $1.40 Is the Line Every XRP Trader Is Watching

Most analysts have drawn their line at $1.40. Above it, buyers control the trade. Below it, things start falling apart quickly.

A daily close under $1.40 would likely send it toward $1.20 next — a 15% drop from where it sits today. It would also kill a harmonic pattern setup that several traders are actively tracking. Once that breaks, the bullish case needs rebuilding from scratch.

So the setup right now is simple: hold $1.40, and the bulls stay alive.

Two Chart Patterns Are Pointing in the Same Direction

As per Egrag Crypto, there is a symmetrical triangle that has been tightening on the daily chart for weeks. These patterns work like a coiled spring — the longer the price compresses, the sharper the eventual move tends to be. The measured breakout target from this pattern lands around $2.30.

Separately, analyst The_Alchemist_Trader_ has been tracking a Gartley harmonic pattern. It uses Fibonacci levels to map out reversal and extension zones, and the token is reportedly in the final leg of that structure right now. If it completes, the target is $2.64.

Two different methods. Same direction. Both hinge on $1.40 holding.

Three Events Before June That Could Decide Next Move

GraniteShares 3x XRP ETF — May 7, 2026

GraniteShares launched 3x long and short XRP ETFs on NASDAQ today. First-time retail investors can get leveraged XRP exposure through a regular brokerage account — no crypto exchange required.

That opens the door to fresh capital from traditional finance. The flip side is that leveraged products amplify moves in both directions, so volatility could pick up.

CLARITY Act Vote — May 21, 2026

The U.S. Senate has until May 21 — before Memorial Day recess — to push through the CLARITY Act, a bill that would bring real regulatory structure to crypto. Polymarket has passage odds at 62%.

If it passes, analysts are throwing out price targets between $1.80 and $2.00 on the news alone. That kind of catalyst on top of an already coiled chart could be the spark that breaks the triangle wide open.

Fed Chair Transition — May 15, 2026

Jerome Powell's term wraps up May 15. Kevin Warsh is expected to step in, and he is viewed as more accommodative than Powell on interest rates. A softer Fed stance historically loosens up risk appetite across markets

Crypto tends to benefit when investors feel comfortable taking on more risk — and the timing here lines up almost perfectly with the CLARITY Act window.

XRP Price Targets: Bull, Base, and Bear Case

Here's a clean breakdown of where XRP could go based on current technicals and macro catalysts:

What's Next for XRP?

Late May is shaping up to be the most important two-week stretch XRP has had in a long time. The chart is compressed, the RSI has room to run, and three separate macro events are all arriving within days of each other.

The trade is not complicated. $1.40 is the floor. $1.50 is the ceiling. Whichever one breaks first is the answer.

This article is for informational purposes only and does not constitute financial advice. Crypto markets are highly volatile. Always do your own research before making investment decisions.