XRP is entering what analyst Will Taylor (@CryptoinsightUK) describes as a 
rare momentum reset, with technical conditions now lining up around a 
potential sharp move higher. In the latest edition of The Weekly Insight, 
Taylor argues that XRP’s recent downturn may have compressed momentum to an 
unusual degree just as regulatory and ecosystem narratives begin to reappear. 
XRP Momentum Hits Rare Extreme The core of the setup is XRP’s relative 
strength index. According to the analyst, previous instances where XRP’s RSI 
reached oversold territory, or touched the 32 level or lower, have 
historically marked major lows. This time, the reading fell to around 30, 
described as the “second lowest RSI reading ever for XRP,” though not quite a 
full oversold break. Taylor’s main point is not only the level of the RSI, but 
the speed of the decline. XRP’s RSI reportedly fell from roughly 91 to 30 in a 
historically short period, a move the analyst frames as evidence that momentum 
may have swung too far, too quickly. “The market became too bearish too 
quickly,” Taylor wrote, adding that this is why he sees a likely case for 
another leg higher. Related Reading: XRP Compression Peaks: Symmetrical 
Triangle Signals Explosive Move Ahead That view is tied directly to XRP’s 
current base. The analyst says XRP is now building from around $1.38, compared 
with roughly $0.38 before its prior explosive move. If XRP were to repeat a 
similar percentage expansion to the November 2024 rally, when the asset 
allegedly moved about 500% within weeks, Taylor says that would imply a move 
toward roughly $6.50. The MACD, in Taylor’s reading, strengthens the same 
argument. The report describes XRP’s MACD as sitting at its lowest reading on 
record, suggesting that downside momentum has stretched further than in 
previous cycles. For Taylor, that creates the conditions for a forceful 
reversal if momentum turns, especially while price continues to hold above the 
$1.38 area. The analysis becomes more speculative when Elliott wave theory 
enters the discussion. The analyst says there is an argument that XRP may be 
entering wave three of a broader five-wave structure, with a possible target 
zone between $8 and $12. Taylor cautions that such a scenario is difficult to 
present without sounding speculative, but argues that major crypto expansions 
often occur in compressed time windows. Related Reading: David Schwartz 
Challenges $10,000 XRP Theory With Simple Question The market setup is also 
being framed against a possible regulatory catalyst. Taylor cites Coinbase 
chief legal officer Paul Grewal as saying the Clarity Act appears to be moving 
forward after an agreement with banks, while also pointing to commentary from 
Eleanor Terrett that market attention has shifted toward the week starting May 
11 as a potential markup window. For XRP specifically, that timing matters 
because Ripple has been vocal about the importance of crypto market structure 
legislation. The analyst also notes recent criticism from Cardano founder 
Charles Hoskinson, who has suggested that the Clarity Act is being advanced in 
a way that could primarily benefit XRP rather than the broader market. Taylor 
does not fully endorse that view, but says the dispute highlights how 
significant the bill could become if it advances. At press time, XRP traded at 
$1.4155. Featured image created with DALL.E, chart from TradingView.com

XRP Setup Nobody’s Watching Points To Fast Move Higher, Crypto Analyst Says

Bitcoin miner Hut 8 has refinanced its $200 million Bitcoin-backed credit 
facility with FalconX at a 7% fixed rate, replacing its Coinbase loan and 
unlocking approximately 3,300 BTC worth $260 million from collateral. Bitcoin 
(BTC) miner and energy infrastructure firm…

Hut 8 unlocks $260M in Bitcoin as it refinances $200M FalconX loan

Onchain investigator ZachXBT has warned that Polyarb, a site presenting itself 
as a prediction market platform, is running an active wallet drainer and is 
gaining reach through prominent crypto accounts replying to its posts. Key 
Takeaways: ZachXBT warned on May 4, 2026, that Polyarb hosts an active wallet 
drainer targeting crypto users. Prominent accounts replying […]

ZachXBT Flags Polyarb as Fake Prediction Market With an Active Wallet Drainer

Zcash traded near $407 after a 14% weekly gain, as Hyperliquid volume rose and 
analysts watched $398 support and false rally risks.

Zcash rally heats up, can ZEC reach $500 before pullback?

The missile strike near Jask Island underscores the fragility of global energy 
security, potentially destabilizing oil markets and economic indices.
The post Missile strike near Jask Island raises oil price concerns, impacts 
S&amp;P 500 appeared first on Crypto Briefing.

Missile strike near Jask Island raises oil price concerns, impacts S&P 500

Solana price is approaching a critical technical setup as momentum indicators 
begin to flip positive, raising the possibility of a breakout above the $90 
level, where bulls have struggled in recent weeks. According to data from 
crypto.news, Solana (SOL) price…

XRP Setup Nobody’s Watching Points To Fast Move Higher, Crypto Analyst Says

Comments