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XRP struggles below $1.50 as key policy and ETF catalysts approach, signaling potential breakout or continued range-bound trading.

Market News
08 May 2026
Tokenpost
Neutral
pluang ai news

XRP has been trading in a narrow range below $1.50 for over two months, with traders watching this level as a key breakout point. A sustained move above $1.50 could trigger bullish momentum, supported by upcoming U.S. legislation possibly classifying XRP as a digital commodity, new leveraged XRP ETFs, and increased institutional adoption. However, mixed technical signals and cooling trading volume suggest caution, with many analysts expecting XRP to remain range-bound between $1.35 and $1.55 unless a clear breakout occurs. The market is closely monitoring these catalysts, which could drive XRP toward $1.80 or higher if momentum builds.

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