
XRP price rose from $1.3840 to $1.4065 on May 4, breaking the $1.40 resistance with increased trading volume, coinciding with Bitcoin surpassing $80,000. The key resistance at $1.45 remains a challenge, as 60% of XRP supply is held at an average cost of $1.44, creating a strong supply wall. Standard Chartered forecasts $4 to $8 billion in additional XRP ETF inflows if the CLARITY Act advances in the Senate Banking Committee by May 21, potentially pushing XRP past $1.45. Traders are watching if XRP can hold above $1.40 to confirm the breakout or risk a reversal below this level.