XRP price has spent most of the month moving sideways, but market watchers believe the current structure may not last much longer.
Crypto trader Celal Kucuker recently stated that XRP is running out of room inside its consolidation pattern and may soon enter what he described as “Stage 2” of its market cycle.
On the monthly time frame, the XRP price is seen trading within the confines of an established and prolonged uptrend that started from the low of the 2014-2015 period.
During its 2017 run-up, the token increased by more than 600%, only for it to correct itself and consolidate afterward. Even amid volatility in the cryptocurrency market, the XRP price still maintains support from its lower trendline.
The XRP price has been retreating following a resistance level that was reached at levels of $3-$4. The price is now approaching an important level of support in the range of $1.30-$1.35 where it has horizontal support and the lower bound of a rising wedge.
Source: X
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Long-Term XRP Price Structure Remains Intact
As indicated by the larger pattern, XRP price remains in an extended accumulation process since the time of the market top back in 2018. Within this period, ranging price action has been observed as the support levels were relatively higher within the uptrend channel.
A few traders view the 2024-2025 breakout as the beginning of another expansion period. The chart shows that the XRP price can achieve higher highs and higher lows before rising sharply, just like other cycles.
Considering the channel projection, the XRP price might hit the top boundary of the major price pattern at $56.78 sometime around 2028 to 2029.
The channel projection depends on the previous patterns in expansion observed during rallies. However, it should be noted that this is a very ambitious strategy that highly depends on the maintenance of the current market structure.
In order for the upward move to be sustained, the XRP price will most likely need to reclaim the $3 level and remain above the midsection of the upward channel. If it breaks down from the $1.30 support level, the setup may lose some strength.
CME XRP Futures Cross $62 Billion Volume
In terms of institutional activity involving XRP, there are other factors apart from technical analysis indicators. According to CME Group, in its inaugural year, its XRP futures had a total notional trading value that exceeded $62.87 billion.
The number of XRP futures traded amounted to 1.32 million, which is equivalent to 28.6 billion tokens. As of May 15, 2026, CME has projected an average daily notional volume of $238 million.
Source: X
This encompasses XRP futures, XRP micros, and XRP options, as well as the spot-quoted XRP futures launched later in the year.
According to CME Group, the XRP futures were growing fast and had become one of the fastest-growing altcoin derivatives on their exchange, contributing significantly to the $30 billion worth of crypto open interest reached in 2025.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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