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XRP remains range-bound between $1.22 and $1.55 with risk of sharp decline if support breaks.

Technical Signals
08 May 2026
Blockonomi
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Bearish
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XRP is trading within a narrow range between $1.22 and $1.55, showing limited momentum compared to Bitcoin. Analysts see the current price action as a corrective phase, with a possible short-term rally up to $1.78–$2.87 that would not confirm a bullish trend. A potential deeper drop (C-wave) could push XRP down to $0.98–$0.48 if the support breaks. High-leverage long positions face liquidation risk, which could accelerate a price decline if XRP falls below $1.22 support.

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