XRP rebound: fear peaks, whale activity cools, $10 forecast
XRP has rebounded to around $1.34 after bouncing near a multi-month support zone around $1.34. The move follows months of sideways trading since February, despite bullish developments for Ripple and the XRP Ledger ecosystem.
Traders may be reacting to worsening sentiment: the 30-day MVRV metric showed the average XRP trader sitting on losses of about -47%, with MVRV hitting its lowest level since Dec 2020—often a sign of undervaluation after capitulation. At the same time, whale activity slowed: large transactions above $1M fell from 157 to 67 (down more than 57%), suggesting big-holder selling pressure may be easing.
Sentiment boosters include a high-IQ influencer prediction from YoungHoon Kim, who claimed XRP could reach $5–$10 this cycle, with comments pointing to June 2 as a key date. On charts, analyst Celal Kucuker highlighted a long-term ascending channel (in place since ~2017) and suggested XRP could potentially reach up to $17 in this cycle.
However, not everyone is chasing targets. DonWEedge cautioned traders that XRP is still near the horizontal channel support, and the next move depends on whether that level holds.
Fundamentals continue to improve. Messari reported the XRP Ledger’s real-world asset (RWA) market cap rose 124% QoQ to $2.25B in Q1 2026; RLUSD supply grew 45%, and network daily transactions increased 35% QoQ. XRP is up about 1.97% in the last 24 hours as bulls wait for consolidation to break.
Bullish
The news is broadly bullish for XRP because it combines (1) a technically relevant bounce from key support, (2) sentiment indicators pointing to capitulation/undervaluation (MVRV around -47% and lowest since Dec 2020), and (3) a potential reduction in large-holder selling (whale transactions >$1M down >57%). These factors often precede follow-through rallies after extended consolidation.
In the short term, the article highlights an inflection zone near the horizontal channel support ($1.34 area). That means price action could be volatile: a hold may trigger momentum buys, while a breakdown would invalidate the bullish setup. In the medium to long term, improving fundamentals on the XRP Ledger—especially RWA growth (+124% QoQ), RLUSD supply increase (+45%), and higher daily transactions (+35%)—provide “real demand” narratives that can support a breakout from the current range.
Historically, setups mixing extreme bearish positioning (like very negative MVRV) with easing whale flows have tended to produce sharper rebounds than normal range trading, though sustaining gains still depends on market-wide liquidity and BTC’s direction. Hence bullish bias, but with clear risk around support confirmation.