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XRP predicted to hit $1.60 by May-end as bullish sentiment grows amid regulatory clarity.

Market News
17 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Traders on Kalshi are increasingly betting on XRP reaching $1.60 before the end of May, reflecting stronger bullish sentiment supported by improving regulatory clarity around Ripple. XRP is trading within an ascending channel, maintaining a positive short-term trend, with technical indicators suggesting a potential breakout above $1.50 could accelerate momentum toward $1.60. While optimism is high, traders remain cautious about surpassing $1.80, indicating measured confidence rather than speculative excess. This renewed optimism is fueled by expectations of XRP-based exchange-traded products and greater institutional access, making XRP a closely watched asset in the crypto market.

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