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XRP steadies near $1.40 amid low liquidity and rising options activity, eyes $1.50 monthly close for bullish breakout.

Market News
05 May 2026
Blockonomi
Bullish
pluang ai news

XRP is trading around $1.40 with a 1.7% gain and $2.15 billion in daily volume despite Binance's 30-day liquidity dropping to a five-year low of 0.038. Technical analysts highlight a key resistance zone at $1.42–$1.45, with a monthly close above $1.50 potentially triggering a bullish move toward $2.20. Meanwhile, derivative volumes surged, especially options activity, signaling growing market interest. The CLARITY Act, which could clarify digital asset regulations, has a 64% chance of passing by 2026, potentially impacting XRP's regulatory outlook. Additionally, Evernorth, an XRP treasury firm, prepares for a Nasdaq debut, adding institutional momentum.

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