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XRP tests $1.30 support amid deep undervaluation and Bitcoin ETF outflows pressure.

Market News
29 May 2026
Tokenpost
View Source
Bearish
pluang ai news

XRP is hovering near a key support level at $1.30, with on-chain data from Santiment indicating extreme undervaluation as many recent holders face significant losses. Despite a slight rebound, XRP remains down over 4% in the past week and over 6% in the past month, pressured by macro risk-off sentiment and heavy outflows from Bitcoin spot ETFs. Analysts warn that a break below $1.10 could trigger further losses due to stop orders and leverage unwinds. While on-chain metrics suggest a potential bottoming phase, broader market liquidity and risk appetite remain weak, making near-term recovery uncertain. Additionally, discussions on potential XRP Ledger staking tax implications add a regulatory dimension, though this is not an immediate factor for price movement.

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