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Ripple-linked XRP slips 25% below $1.42 as traders watch breakout
XRP pulled back even as Ripple and JPMorgan completed a cross-border tokenized Treasury settlement on XRPL, with price now testing whether the recent breakout structure can hold.
May 7, 2026, 3:30 p.m. 2 min read
What to know:
- XRP retreated after failing to hold above $1.45 and is now consolidating just above the key $1.40–$1.41 breakout zone.
- Ripple’s XRP Ledger hosted a near-real-time cross-border settlement of tokenized U.S. Treasuries involving JPMorgan, Mastercard and Ondo Finance, underscoring rising institutional interest in tokenization.
- Traders are watching support at $1.40–$1.41 and resistance at $1.45–$1.47, with thin liquidity heightening the risk of sharp moves once this range breaks.
• The transaction routed through Mastercard’s Multi-Token Network before JPMorgan’s Kinexys platform delivered dollars to Ripple’s Singapore banking partner outside traditional banking hours.
• The pilot adds to growing institutional focus on tokenized finance infrastructure, with DTCC also preparing to launch its own tokenization platform later this year.
Price Action Summary
• XRP slipped from $1.4534 to $1.4137 over the 24-hour session, reversing after an earlier push toward $1.45.
• Heavy selling hit during the May 6 13:00 UTC session, when 131.28M in volume drove price through support at $1.4460.
• Price later stabilized around the $1.41 area after a sharp intraday recovery from session lows near $1.409.
