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XRP shows signs of a bullish breakout despite market panic and bearish sentiment.

Analyst Insights
24 May 2026
Coinpaper
View Source
Bullish
pluang ai news

Despite widespread panic and bearish sentiment in the crypto market, XRP is forming a classic tightening wedge pattern that often precedes a strong price move. Currently trading around $1.36, XRP's price is pressing above a key resistance level near $1.33, with momentum indicators like the RSI suggesting accumulation rather than a breakdown. Analyst Evan Clegg highlights increased whale activity and new wallet creation as signs of growing interest, projecting potential targets of $1.60 and $1.94 if the bullish momentum continues. The key support level to watch is $1.13, below which the bullish setup would be invalidated. Overall, XRP appears to be consolidating within an intact uptrend rather than collapsing.

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