XRP Rebounds With the Crypto Market
XRP price is up 0.14% to almost $1.38 as it shows signs of trending upwards. With political adoption and institutional interest in XRP expected to increase in the lead-up to the November 2026 US midterm elections, and with the recent volatility aside, market analysts maintain a positive prediction for XRP prices.
XRP has received attention in the political space after its use for political fundraising increased. This increased use includes John Deaton, a lawyer and crypto advocate, who is now campaigning for Senate in Massachusetts, after he accepted XRP for political fundraising.
John Deaton Accepts XRP Donations for Senate Campaign
David Schwartz, the former CTO for Ripple, made an XRP contribution to John Deaton, but did not disclose the amount. Ripple supporters and Deaton have a strong history with one another, especially since the SEC filed a lawsuit against Ripple in December 2020, and Deaton has been a defender of XRP holders.
Deaton is fundraising for the Massachusetts Senate seat, which is available in the November 2026 elections. He has gone on the record multiple times to request small contributions and previously ran for the same seat in the 2024 elections, but was beaten by Elizabeth Warren. Since Warren is not expected to be Deaton’s opponent in the 2026 elections, Deaton’s odds for election have increased.
Many in crypto consider Deaton to be one of the most influential and pro-XRP voices in US politics.
Because of his legal efforts on behalf of Ripple as well as his public support of Ripple during the SEC case, he gained a lot of support from the XRP holders. Consequently, a lot of retail investors are likely to use their XRP to donate to his campaigns.
CoinGlass reports an XRP long/short positioning ratio of 0.71, XRP’s lowest since July 2025. A long/short ratio of less than 1 generally indicates that there are more short positions than long positions, meaning a majority of the market is bearish and predicting that XRP’s support line will fail and collapse below $1.37.
Market sentiment that XRP will fall became bearish after Goldman Sachs completely eliminated their crypto holdings while also selling a significant number of their XRP holdings. Retail investors remain bullish on XRP, but Goldman Sachs’ divestitures have added downward selling pressure to the market.
High short interest can lead to the opposite being true and cause a “short squeeze.” A “short squeeze” occurs when the price of an asset rises sharply, causing short sellers to buy to cover their positions, which, paradoxically, works to stoke further price rises. In XRP’s case, if support between $1.37 and resistance at $1.48 holds and support at $1.37 fails, a “short squeeze” could occur with a target price of $1.72.
XRP Outlook Remains Mixed but Optimistic
XRP shows a mixed sentiment in the market with bullish technicals and bearish sentiment. The bullish sentiment is caused by political fundraising adoption, community support surrounding John Deaton, and SMA pattern crossovers.
Bearish sentiment is caused by lagging momentum of the RSI and increased positions across the market betting that the price of XRP will fall, meaning market sentiment is leaning bearish. The price of XRP will need to resist the support line falling below $1.37 and break through and close above the resistance at $1.48 before a new bullish trend occurs and the price of XRP begins an upward price increase.
As markets become more politically aligned with crypto due to the upcoming elections in the USA in 2026, XRP will continue to remain a focal point of investors’ attention and politicians who may support XRP’s continued adoption.
Conclusion
XRP is at a crucial point right now, in terms of political, technical, and market factors. Within a bullish rising triangle, XRP has shown resilience, and despite an 8% decline over the last five days, has recovered to $1.38. Support from John Deaton and donations from David Schwartz have given XRP more visibility ahead of the 2026 US Senate elections.
Adjusting the technical aspect, a breakout from resistance at $1.48 could lead to a 16% rally towards $1.72, so the bearish pressure could ease further. Some signs, such as the convergence of the 50-day and 100-day Simple Moving Averages (SMA), show a bullish signal — similar to the situation in 2025, the market exhibited more gains.
Although there’s more bearish pressure, the RSI sits at 44, with a long short ratio of 0.71, which indicates a lot of futures traders still see more downside risk. XRP’s price action for the near future is highly determined by buyers — will they push the price to break resistance and defend the $1.37 support, or will they give up and allow it to fall? Political utility and community support could help boost the bullish momentum, believe in XRP.
