XRP has remained range-bound near $1.30–$1.38 after multiple failed breakouts, as on-chain data suggests traders are under heavy pressure. Santiment says the average XRP trader over the past 30 days is down 47% and notes the 30-day MVRV has fallen to its lowest level since December 2020, a zone it associates with capitulation risk. Separately, CryptoQuant reports Binance XRP perpetuals show rising speculative activity, with volume imbalance near 0.54 and Z-Score close to 0.95 while spot price hovers around $1.34.

SoFi Technologies, which says it has more than 9 million members, has expanded its integration with Solana, positioning the fintech as a potential on-ramp for broader on-chain usage. As of May 27, 2026 at about 16:09 UTC, SOL was $83.84 and down 2.2% over seven days, with price action showing consolidation rather than a clear reaction.

On-chain indicators suggest the XRP Ledger is drawing increased institutional attention even as retail sentiment remains weak. Stablecoins on XRPL crossed $1 billion, with public stablecoin market cap up 63.72% over 30 days to $823.24 million, alongside $4B+ in private corporate assets concentrated in 85 large addresses. The report also says U.S. spot ETFs resumed buying and accumulated roughly 1%–1.25% of XRP's total market issuance after first-quarter stagnation.

Digital asset investment products posted $1.47 billion in net outflows last week, with Bitcoin accounting for $1.315 billion and Ethereum seeing $223 million withdrawn. Against the broader risk-off move, XRP recorded $31.8 million in inflows, while Solana also remained positive with $7.7 million.

Two newly launched US spot ETFs tied to Hyperliquid's HYPE token have posted early inflows that, by one measure, outpaced the debuts of spot Bitcoin, Ethereum, and Solana ETFs. The products include 21Shares' THYP (listed May 12) and Bitwise's BHYP (listed May 14), which together have drawn more than $95 million in net inflows within weeks; HYPE was trading near $62.31 at the time of writing.

Bitwise Asset Management's physically backed spot HYPE ETF (BHYP) began trading on the NYSE on May 15, 2026, with a 0.34% sponsor fee and a temporary waiver to 0% on the first $500M in AUM for its first month. Within 48 hours, two US-listed HYPE ETFs saw a 50% single-day volume jump on May 20 and $25.5M in net inflows, including $8.8M into BHYP. The report also points to Hyperliquid's fee share and automated buybacks as potential price-support factors for HYPE at key levels.

Santiment Intelligence says XRP's 30-day MVRV has slid to its lowest point since December 2020, leaving many recent buyers facing steep short-term losses. The firm labeled the setup an "extreme undervalued zone," with the 30-day MVRV near -47% and the 365-day MVRV around -36%. XRP was trading at $1.33 at press time.

XRP is trading around $1.33 as May nears its end, extending a steady slide that has pushed it toward levels not seen since March. The $1.20 support area is now nearby, while $1.40 has turned into resistance after the 100-day moving average was lost again; on the XRP/BTC chart, price is near 1,760 sats with 1,730 sats as the next key support.