XRP price remains near $1.46 despite $200 million funding for Ripple Prime

XRP continues to approach the same resistance zone that has repeatedly halted its rebounds since February, but its trading behavior is beginning to change. Instead of being immediately sold off upon reaching this range, XRP is now holding its ground near the highs—a development that is often more significant than the initial breakout itself.

• Ripple Prime secured $200 million in funding from Neuberger Berman to expand margin financing in traditional and digital asset markets.

• Ripple stated that demand for its prime brokerage services has accelerated since the acquisition of Hidden Road, with revenue tripling year-over-year.

Following the recent completion of tokenized treasury settlements on the XRPL by Ripple, JPMorgan, Mastercard, and Ondo, the broader XRP narrative continues to shift toward institutional infrastructure.

• XRP rose from $1.4483 to $1.4565 within the 24-hour trading period, reaching an intraday high of $1.4877.
• On May 11 at 15:00 UTC, trading volume surged, with over 105 million XRP traded and the price breaking above $1.4750.
Subsequently, the upward momentum gradually eased, with price consolidating near $1.45–$1.46 rather than fully retracing, thereby maintaining a constructive short-term structure.

• XRP continues to trade within a prolonged consolidation pattern, but repeated tests of resistance tend to erode sellers' control over time.
• During the recent rally, the market reclaimed several short-term moving averages, improving its potential momentum outlook.
• Price continues to hover near $1.47 to $1.50, a level that has repeatedly capped upward attempts, making it the most significant area on the current chart.
The volume distribution chart shows that liquidity above the current level is relatively weak, so a successful upward breakout of XRP could accelerate its price surge.

• $1.47 to $1.50 remains a key resistance level. If the price sustains a breakout above this resistance, attention will shift to $1.60.
• The $1.43–$1.45 range is the near-term support zone that bulls must hold to maintain the integrity of the breakout structure.
• XRP remains compressed within a larger triangular pattern, increasing the likelihood of a significant directional move once the range is ultimately resolved.