XRP Climbs as Bitcoin Rally, Target Price Set at $1.65
Ripple (XRP) taps Bitcoin’s gaining streak, as the token price climbed about 2% to $1.42, though it’s still underperforming the broader market rally.
Bitcoin has gained more than 3% due to increased demand from institutional buyers, supported by a slowdown in exchange-traded fund (ETF) outflows.
Based on its historical trading data, XRP price movement depends more on Bitcoin direction, with significant inflows targeting the world’s largest digital asset.
XRP broke above key resistance at $1.41 with volume surging 67% to over $2.3 billion, confirming buyer conviction. The move also occurred as Bitcoin rallied past $81,000, providing a positive macro backdrop.
The price advance is supported by both organic coin-specific momentum and a rising tide in the broader crypto market. The immediate path hinges on the $1.39–$1.45 range.
Crypto analysts said a decisive close above $1.45, potentially catalysed by progress on the CLARITY Act around May 21, could open a path toward $1.65.
The risk case is a failure to hold $1.39, which would invalidate the recent breakout structure. Still, the bias is cautiously bullish within a defined range, awaiting a fundamental or regulatory trigger for the next leg.
Price action around $1.45 resistance, and any news from the U.S. Senate Banking Committee will extend the trend. XRP’s gain is a blend of speculative catalyst-driven buying and a technically confirmed breakout, all within a supportive broader market. XRP Price Locks at $1.40 after Ripple Tightens Supply
