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XRP price drops 2% after failing to break $1.42 resistance, eyes $1.38 support level

Technical Signals
18 May 2026
Crypto news
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Bearish
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XRP price fell 2% to $1.3865 on May 18 after traders sold aggressively near the $1.42 resistance zone, with 144.3 million volume pushing the token down. The price remains inside a multi-month symmetrical triangle pattern, approaching a critical breakout point. Key support is at $1.38; a drop below this could lead to $1.30, while a close above $1.42 would indicate sellers losing control. Analysts highlight the upcoming Senate vote on the CLARITY Act as a potential catalyst for XRP ETF inflows and price movement.

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