- XRP has failed to break through the key resistance level of $1.50 twice.
- Traders are closely monitoring the CLARITY Act and potential Fed rate cuts, viewing them as key catalysts.
- Bitcoin's price rebound above $80,000 has boosted market sentiment, but XRP's upward momentum remains weak.
Ripple (XRP) has continued to trade near the key resistance level of $1.50 after failing twice in recent weeks to break through it. CoinGecko data shows XRP declined by approximately 0.5% over the past 24 hours, but the token has still risen by about 10% over the past month.
The most recent attempt was halted after another rebound on May 10, following a similar failed breakout on April 17. Both attempts briefly pushed XRP toward $1.50, but sellers re-entered afterward.
Bitcoin's strength has played a role, but it hasn't been enough.
Part of XRP's recent recovery may be related to the following: Bitcoin Bitcoin price has stabilized above $80,000. As Bitcoin regains its upward momentum, overall market sentiment has improved, and several major altcoins have begun to recover in tandem.
However, in terms of sustained breakout momentum, XRP appears to be lagging behind some competitors. Even if the token breaks above $1.50, traders expect another potential resistance level near $1.60, based on price movements in March this year.
The broader cryptocurrency market remains cautious, following months of macroeconomic pressure and geopolitical uncertainty.
Regulation could become the primary catalyst
One of the most anticipated events for XRP holders is the potential passage of the CLARITY Act in the U.S. later this month.
The legislation aims to establish clearer policies. Improving the regulatory framework for the cryptocurrency market will reduce the ongoing uncertainty surrounding digital asset regulation. Many investors believe that a successful Senate vote could boost confidence across the entire cryptocurrency industry and potentially trigger stronger institutional capital inflows.
XRP Given Ripple's long-standing legal and regulatory challenges in the United States, a clearer regulatory environment could significantly benefit Ripple.
The market is also watching the Fed's moves.
Another potential catalyst is the upcoming leadership change at the Federal Reserve. Kevin Warsh is expected to succeed Jerome Powell as Fed Chair, and markets are increasingly convinced he may be more inclined to cut rates earlier than Powell.
President Trump has repeatedly advocated for interest rate cuts, as lower borrowing costs typically support risk assets like cryptocurrencies by improving liquidity conditions and investor appetite.
If the market begins to anticipate that monetary easing under Wash's leadership will accelerate, XRP and other large-cap altcoins may see new capital inflows in the second half of 2026.
XRP still needs stronger momentum.
However, XRP is currently stuck in a frustrating range-bound pattern; although there is optimism, confidence still appears limited. The token clearly has buying support at lower levels, but lacks sufficient momentum to break through key resistance levels.
If Bitcoin remains strong and cryptocurrency regulation improves, XRP could eventually break above $1.50 and challenge higher resistance levels again. However, before that happens, traders may remain cautious each time XRP approaches the breakout zone.