XRP Slides to $1.44, Ripple Loses Rank to Binance Coin
Ripple’s XRP price fell about 2.5% to $1.44 after a failed attempt to break through resistance. The token reflected a negative trading pattern in the crypto market.
Top cryptocurrencies are also under pressure, with losses in Bitcoin, Ethereum and a bucket of altcoins. XRP followed suit primarily due to a lack of immediate bullish catalysts to overcome persistent technical resistance.
Meanwhile, market data indicates that XRP, with a market capitalisation of $88.993 billion, is now below Binance Coin (BNB), at $89.637 billion.
Traders said XRP’s dip reflects a cooling-off period after recent rallies, with its fate tied to an imminent regulatory event rather than fundamental deterioration.
The decline closely mirrors a 1.42% drop in the total crypto market cap, indicating the move is largely beta-driven.
Crypto analysts said there is no specific macro driver for the broader pullback, but the neutral Fear & Greed Index (49) suggests a lack of directional conviction.
The asset moved with the market, not due to a unique negative event.
Price action shows XRP was rejected from the key $1.47–$1.50 resistance zone, a level where significant supply exists. Trading volume fell 16.26% to $2.33 billion, confirming a lack of aggressive buying to push through overhead selling pressure.
The downtrend is a symptom of failing to break resistance, not a new bearish catalyst. A sustained close above the 30-day simple moving average at $1.46 to signal buyer strength.
The immediate catalyst is the U.S. Senate Banking Committee’s markup of the CLARITY Act, scheduled for May 14. If the outcome is perceived positively and XRP holds above the $1.42 Fibonacci support, a retest of $1.50 is likely.
However, failure to hold $1.42 could see a swift drop toward the $1.30 support area. The market is in a holding pattern, awaiting regulatory clarity. Bitcoin Price Nears $81K as GoMining GoBTC Pay Opens Payment Access
