XRP Stuck At $1.40; Bulls Still Brace For a Late-May Breakout

XRP is trapped in no-man’s land again. The token is hovering in a tight band between $1.36 and $1.41, and that boring sideways action is starting to drive everyone crazy. Analysts watching the higher timeframes say the compression is getting extreme — with “no more room left,” setting the stage for a sharp move before May ends. The XRP Price Squeeze Is On.. XRP keeps bouncing off solid support near $1.31–$1.36 while getting rejected hard every time it tries to break $1.47–$1.54. The longer this coiling lasts, the more violent the eventual breakout is likely to be — whether it’s up or down. https://twitter.com/educash247/status/2057758369583083938 Many chart watchers see a multi-month wedge or triangle forming. On the bullish side, some Elliott Wave researchers are calling for a late-stage consolidation that could send XRP toward $1.88 and even $3.56 if it clears the first major resistance with real conviction. But not everyone is bullish. Some traders are warning of one final “shakeout” lower to flush out weak hands before any real rally begins. Derivatives Tell a Different Story Interestingly, not all big money is betting on fireworks. One large trader on Deribit sold both calls and puts around the $1.40 strike through late June, pocketing $224,500 in premium — basically betting that XRP stays stuck in this range for a while longer. In a nutshell, XRP is sitting at a high-tension technical choke point. The market is coiled tight, and late May could finally deliver the breakout everyone’s waiting for. The big question is whether it reclaims $1.50 with real volume or loses the $1.30 support that’s been holding everything together. Whichever way it breaks, it’s going to be fast and loud. Discover DailyCoin’s popular crypto news today:Trump Media Moves $205M in Bitcoin as Market Sentiment WeakensWill Kraken’s 10% Avalanche Staking Deal Shake Up AVAX Price?