Karla Barker 
Institutional Developments
Ripple, alongside JPMorgan, Mastercard and Ondo Finance, completed a near-real-time cross-border redemption of tokenized U.S. Treasuries on the XRP Ledger. The settlement was finalized in under five seconds via Mastercard’s Multi-Token Network and JPMorgan’s Kinexys platform.
Price Action
XRP slipped from $1.4534 to $1.4137 during the 24-hour session. Heavy selling during the May 6 13:00 UTC session, totaling 131.28 million in volume, drove the price through support at $1.4460. The price later stabilized around $1.41 after recovering from session lows near $1.409.
Technical Outlook
The rejection near $1.45 is critical as that level has repeatedly capped upside attempts. XRP remains above the $1.40 breakout zone, but momentum has cooled. The market is compressing between support near $1.41 and resistance at $1.45-$1.47, with analysts noting thinning liquidity conditions.
Key Levels
The $1.40-$1.41 zone is the key support level. The $1.45-$1.47 resistance area needs to be reclaimed for momentum toward $1.60. Thin liquidity increases the probability of sharper-than-normal moves once the trading range breaks.