XRP Buy Zone is Here! Should You BUY? (XRP Update)

Added: 2026-05-29

[00:00:03]Good morning everybody. Welcome back to Selenic Crypto. I hope you're all doing great and welcome to your daily updates on XRP. We're back again. We're going to do a full update. It's a bit of a bit of a dump update because overnight we had some bearish fundamentals um spreading throughout the world and then particularly of course we're talking about the situation in the Middle East. That did something to the price as you can see but with that it's a bit of a blessing and a curse because we hit the the level that I've been talking about for [snorts] the last what is it for for the last couple of days as my potential buy target. So that's also what I wanted to focus on in this video talking about okay, can we actually, you know, regardless of buying XRP because ultimately that's your own decision and I'm very hesitant with saying what I do or what I think you should do because that really is your own decision, right?

[00:00:46]And if I tell you to buy right now and you're going to buy, you don't have my my my biases and you don't have my invalidations etc. Um so it's just risky business but we'll talk about whether XRP can actually get get this move into the upside, right? Ultimately, the structure, right? Because we're going over all of our all of our pillars of actually having a good idea of of what's going on.

[00:01:09]Fundamentals, we've spoken about that quite extensively. I'm not too bearish on the fundamentals for XRP specifically or for Ripple specifically I should say but in turn of course also XRP but we have had some fundamental bearish developments overnight.

[00:01:22]Although I just spoke about that in my Ethereum video and I must say that I think the reaction in the crypto markets is quite an overreaction because what you can see we had escalation in the Middle East.

[00:01:33]But what you can see right here is that oil prices are barely up right here.

[00:01:38]Volatility index still very low.

[00:01:41]Equities are down but also barely down and then risky equities which are normally a little bit more correlated to the crypto markets um are also still holding on relatively well. So this might be an overreaction, right? That this this reaction by the crypto markets but also by XRP. However, we ultimately always need confirmation for that. And although I'm talking about the structure, I think the structure for XRP is is is is bad, right? I mean, obviously we're not bullish on the 4-hour time frame. I think we're in a downtrend. And on the 12-hour time frame, I I can I can just about justify that we are in a range, although I must say that the 16-week value area low has been broken.

[00:02:21]So, in that sense, we have broken down.

[00:02:23]The last support that we're holding is the previous quarter value area low, in the yearly value area low, right here between 1.28 and 1.26. So, the structure is is really not great right here, right? That's not not something to be very positive about.

[00:02:38]However, there's one thing that I like, outside of the longer-term possible fundamental, you know, catalysts for Ripple. Clarity, RLUSD, those obviously work work together, but okay.

[00:02:51]>> [snorts] >> Um there's one thing that I like, and that's this.

[00:02:54]As you can see right here, and that is in line with my fundamental analysis or my fundamental thesis that crypto might be becoming a little bit oversold right here.

[00:03:05]What you can see is that the funding rates are getting very low, right? The funding rates right now are the lowest they've been since the 23rd of May. Now, 23rd of May, that was the bottom. What does it mean? It means that XRP at the moment is over shorted, right? We've had quite a lot of shorts coming in right here, as you can see, open interest up, CVD down, and the funding rates being negative means that the futures price for XRP is trading lower than the spot price. That means that futures are being sold off more, shorted, longs closed, than spot is being sold. And usually that means that we're going to get a bit of a squeeze into the upside. Not only is that happening, at the same point of time, you can also see that XRP has so far, and this is also going to be critical going forward, so far we've been able to reclaim the previous quarter value area low. So, based on that, although like based on that, I would say it's most likely that we are going to get a move into the upside.

[00:03:54]Into the gaps at 1.30 and a half and then hopefully into 1.32 and 1.32 and a half and from there we'll see again.

[00:04:00]Okay, because that structurally is a very important level and unfortunately also a very difficult level to get back into.

[00:04:08]But getting there, I think it's most likely. The key level that we do need to hold is this level right here at 1.28 and a half cents. It's fine if we kind of spike down below that etc. It's fine if we test these lows.

[00:04:20]Um, but if we drop down below that with volume, if we drop down below that with with bad news coming out, um, unfortunately I'd have to say that we're going to drop down lower and that has a lot of bad um bad effects. But we'll talk about that later. For now I would say this is most likely based on my thoughts on the fundamentals, my reads on the fundamentals and the flows. So, I'll keep you updated on that, but for now I think that's what you need to know. So, thank you for watching everybody. Take care and bye.