Share this article
Ripple-linked XRP holds near $1.46 as breakout attempt fades despite $200 million raise
XRP briefly pushed toward $1.49 on heavy volume before stalling again near a resistance zone that has capped rallies for months.
May 12, 2026, 4:56 a.m. 2 min read
What to know:
- XRP is repeatedly testing the $1.47 to $1.50 resistance zone and now holding near recent highs, a shift that suggests sellers’ control may be weakening.
- Ripple’s prime brokerage arm is gaining institutional traction, with a new $200 million funding facility and tripled revenue amid growing demand for margin financing.
- Traders are watching $1.47 to $1.50 as key resistance and $1.43 to $1.45 as near-term support within a broader triangle pattern that could precede a larger directional move.
• Ripple said demand for its prime brokerage business has accelerated since the Hidden Road acquisition, with revenue tripling year over year.
• The broader XRP narrative also continues shifting toward institutional infrastructure after Ripple, JPMorgan, Mastercard and Ondo recently completed a tokenized Treasury settlement on XRPL.
Price Action Summary
• XRP climbed from $1.4483 to $1.4565 during the 24-hour session, briefly reaching an intraday high of $1.4877.
• Volume surged during the May 11 15:00 UTC session, when more than 105M XRP traded as price broke above $1.4750.
• The rally later cooled into consolidation near $1.45-$1.46 rather than fully retracing, keeping short-term structure constructive.
