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Breaking News: Something Spooked Arthur Hayes Into Dumping HYPE And NEAR — Here Are The 5 Reasons
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Breaking News: Something Spooked Arthur Hayes Into Dumping HYPE And NEAR — Here Are The 5 Reasons

XRP Price Could Return To $1.55 But Only If This Crucial Support Holds

Semilore Faleti
Semilore Faleti
Last Updated: May 16, 2026 1:00 pm
2 mins read
XRP

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XRP is experiencing a significant price retracement after being rejected at $1.55. So far in May, the altcoin’s price movement has been unstable, with each gain followed by a prominent dip, yet it has formed an ascending trendline. XRP finds itself in a similar situation as prices have corrected by over 7% in the past three days. Notably, the market analysis page, MCO Global, has shared some insights on this situation, discussing the altcoin’s potential to sustain its trendline or be exposed to major downside targets.

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2 weeks ago

XRP Recovery Hinges On Pivotal $1.40 Support

In an X post on May 15, analysts from MCO Global have highlighted the key short-term price levels in the present XRP market structure. Given the volatile action over the past two weeks, experts concur that market participants are nervous about price direction. However, amid this choppy price action, XRP has maintained an important micro-support zone around $1.40. Using Elliott Wave theory, the recent retest at this level aligns with wave B, when the market forms a temporary corrective bounce before initiating the final leg of the correction in wave C.

$XRP
Ripple continues to show choppy and nervous price action, but micro support around $1.40 is still holding for now.

As long as XRP stays above $1.40, another upside attempt toward $1.55, $1.58, and potentially $1.67 remains possible. Break below $1.40 and especially $1.37… pic.twitter.com/GW5q37AD3o

— MCO Global (@moretradingonl) May 15, 2026

Therefore, as long as the price stays above $1.40, MCO Global analysts predict a high likelihood of another surge towards $1.55-$1.58. In a more bullish scenario, they project that XRP could break above this resistance zone and extend its rally to $1.67, representing a potential 16.7% gain from current levels. On the other hand, a break below $1.40 would force an immediate drop to $1.37. If this price floor fails to hold, XRP traders could anticipate a decline to another key support at $1.30, which aligns with the lower trendline of a forming symmetrical triangle.

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XRP Market Overview

At the time of writing, XRP trades at $1.43, reflecting a 3.68% decline in the last 24 hours. Meanwhile, daily trading volume is down 42.36% to $2.38 billion. However, the altcoin shows a slight 0.98% gain on its monthly chart, indicating that some new entrants remain in profit.

According to the MCO Global analysts, the present XRP market structure is “highly corrective and unstable.” Amid this prevailing uncertainty, holding above the $1.40 support level remains crucial to sustaining any bullish momentum. With a market cap of $88 billion, XRP remains the fifth-largest cryptocurrency.

XRP
XRP trading at $1.4161 on the daily chart | Source: XRPUSDT chart on Tradingview.com
Featured image from Pexels, chart from Tradingview
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Semilore Faleti
Semilore Faleti

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Read more

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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