On May 4th, XRP’s price rose from $1.3840 to $1.4065 during early trading in Asia, boosted by a significant increase in trading activity. This move pushed XRP past a key resistance level of $1.40, coinciding with Bitcoin regaining its position above $80,000.
Summary
- Volume expanded into the $1.40 breakout on May 4, confirming real positioning rather than a low-liquidity push.
- The $1.45 level is the critical structural barrier: 36.8 billion XRP, or 60% of supply, sits at a $1.44 average cost basis per Glassnode.
- Standard Chartered projects $4 to $8 billion in additional XRP ETF inflows if the CLARITY Act clears the Senate Banking Committee before May 21.
On May 4th, XRP’s price surpassed $1.40, coinciding with Bitcoin rising above $80,000. According to a report by crypto.news, an analyst at Standard Chartered, Geoffrey Kendrick, believes that progress on the CLARITY Act in the Senate Banking Committee could bring $4 to $8 billion into XRP ETFs. The vote scheduled for the week of May 11th is seen as a key event that could push XRP’s price past the $1.45 level.
Throughout 2026, XRP has repeatedly struggled to break through the $1.45 price point, failing on four separate occasions. This includes a short-lived rise to $1.50 on April 17th, which occurred after Rakuten began using XRP for payments with its 44 million users in Japan.
Data from Glassnode shows that about 36.8 billion XRP – around 60% of all XRP in circulation – was purchased at an average price of $1.44. This creates a strong resistance level whenever the price gets close to that point. Traders are currently focused on whether XRP can stay above $1.40 and break through the $1.41 to $1.42 range. If the price falls below $1.40, it could indicate that the recent price increase was just a temporary move.
According to crypto.news, Standard Chartered lowered its 2026 price prediction for XRP from $8 to $2.80 in February, citing unfavorable economic conditions. They now believe the biggest factor that could change this forecast this year is the potential passage of the CLARITY Act. crypto.news also reported that XRP spot ETFs saw $81.63 million in inflows over a 20-day period in April, ending on April 30th. Buying activity picked up again on May 4th as the overall crypto market began to recover.
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2026-05-05 00:27