XRP don pass $1.30: resistance don turn support, money dey comot from exchanges, CME 24/7 dey come
XRP don break below di $1.30 support line. For di past 24 hours, XRP drop from around $1.3267 go near $1.2993, with intraday low near $1.2931, as heavy sell activity happen. Di article talk say about $2.45B 24h volume and market cap near $79.7B, and di heaviest selling hour around May 27 (~23:00 UTC) see roughly 64M XRP change hands.
On-chain and exchange-flow data dey show redistribution not quiet selling. Glassnode exchange net position change show bigger net outflows (from about -7.1M XRP on May 15 to about -29.3M XRP on May 24). CryptoQuant also flag big Binance withdrawal of roughly 122M XRP on May 22. This positioning dey show entities dey reposition around di $1.30 area, but e never stop di immediate downside yet.
Key trade levels for XRP: $1.30 fit now be overhead resistance for bounces. For bullish scenario, dem need decisive reclaim above $1.30 then retest wey hold. For bearish scenario, na repeated rejection and failure to reclaim, make downside probes more likely toward mid-$1.20s and maybe lower.
Additional market-structure catalyst: CME go move crypto futures and options to 24/7 trading from May 29, 2026. That change fit shift how volatility and hedging pressure concentrate across di week, and e fit affect XRP’s weekend risk dynamics.
Bearish
Di latest update confirm say XRP don drop through $1.30 level with heavy selling and price weakness dey hold near $1.29, wey dey increase chance say $1.30 go flip to overhead resistance. Even though exchange outflows fit sometimes mean longer-term repositioning/accumulation, the article tok about derivatives/price-action dey show weaker conviction for now. Near-term traders likely go watch for failed reclaim attempts above $1.30 (bearish continuation) versus strong reclaim-and-retest (wey go invalidate the bearish case). Additionally, CME move to 24/7 trading from May 29, 2026 fit concentrate volatility and hedging activity different around weekends. That fit amplify sensitivity to technical levels like $1.30, even if the current catalyst na price/positioning. Net effect on XRP itself na bearish until e reclaim and hold $1.30.