Ripple’s XRP token seems to be facing substantial resistance at the $1.50 price level. XRP has made two attempts, albeit without success, at breaching the $1.50 level, once on April 17 and again on May 10. According to CoinGecko data, the asset’s price has fallen by 0.5% in the last 24 hours, but is up by 2.6% in the weekly charts, 4.9% in the 14-day charts, and nearly 10% over the previous month. Let’s discuss what XRP may need to rally past the $1.50 price level.
What Does XRP Need To Rally?
XRP last traded above the $1.50 mark in March of this year, climbing to the $1.60 price level. If XRP moves beyond the $1.50 mark, it could potentially face resistance at $1.60. XRP’s recent price upswing could be due to Bitcoin (BTC) finding footing at the $80,000 price level. However, XRP is struggling to break past $1.50.
The crypto market has been struggling to regain its 2025 momentum for quite some time now. XRP’s reluctance to go beyond the $1.50 mark could be due to investors being cautious about high-risk assets, especially cryptocurrencies. Geopolitical tensions and macroeconomic uncertainties have kept investors from pouring capital into the crypto market.
However, despite XRP’s lackluster performance over the last few months, things could change for the better in the coming weeks. Firstly, the US may pass the highly anticipated CLARITY Act sometime this month. The legislation aims to bring more regularity clarity, as the name suggests, for the crypto landscape. Investors could experience a surge in confidence, which could lead to increased inflows. XRP could benefit under such circumstances.
Also Read: 3 Events That Could Rock Your Crypto Investments
Moreover, Kevin Warsh is set to take over the Federal Reserve from Jerome Powell. Warsh is expected to reduce interest rates as soon as he assumes office, something President Trump has been persistent about. XRP inflows could surge if rates are reduced, leading to a potential price rally.
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