XRP News Today: XRP/USOIL Pair Faces Resistance at 0.0418-0.0430 Range

Independent market technician Dom has highlighted an unusual but increasingly scrutinized ratio: the price of XRP in relation to West Texas Intermediate crude oil. This analysis has caught the attention of the crypto community, as it provides a unique perspective on the price action of XRP.

In a two-hour TradingView screenshot posted on May 14, the analyst illustrated the XRP/USOIL pair experiencing rejection at the same resistance level that has capped price movements since mid-December. Dom noted that the price action has been respecting this level, indicating a clear zone that bulls need to fully regain for the next upward impulse. This resistance area is marked by a charcoal-grey block ranging from approximately 0.0418 to 0.0430 on Dom’s chart. The last two attempts to breach this band, one during Asian trade on May 12 and the second during the New York session on May 14, resulted in sharp downward price movements.

Dom emphasized that the momentum is currently flowing against significant sell pressure in the spot token. Using on-chain order-flow analytics, he pointed out that $210 million of XRP has been net-market-sold over the past seven days, despite the token being up twenty percent. This divergence suggests that professional liquidity providers, rather than retail investors, are absorbing the aggressive asks through passive limit bids. Dom argues that this dynamic typically precedes an explosive upside once sellers exhaust themselves.

Community members were quick to inquire about the implications of a definitive breakout for XRP priced in dollars. One follower asked if a breakout would lead to another parabolic move, breaking the all-time high. Dom responded that historically, a full breakout would likely result in XRP/USD printing a new high. Another commentator questioned the rationale behind linking an energy-based ratio to the standalone token. Dom acknowledged that there is no proven fundamental thesis but stressed the analytical utility of this approach. He believes it provides another perspective on price action when pegged to something deeply woven into the economic system, offering insights that might not be visible on the USD pair.

Technically, the situation is binary. Dom has set alerts for a full breakout above the 0.0418–0.0430 range. Any two-hour close in this region would, in his view, constitute decisive range expansion and give bulls the runway for the next upward impulse. Conversely, if buyers relinquish the amber pivot at 0.0394, the door reopens to 0.0378 minor support, with a break there exposing the 0.0357 floor and negating the current series of higher lows. Until either boundary yields, XRP/USOIL remains in its five-month range, but Dom contends that watching the pair sharpens traders’ macro lens. He wrote that combining BTC, USOIL, and XRP is just another way to triangulate liquidity, offering a slightly different angle on the same market.

At the time of reporting, XRP was trading at $2.46.