Why XRP’s (Ripple) $1.50 Wall Held Through CLARITY Act’s Passage
View original at finance.yahoo.comWhy XRP’s (Ripple) $1.50 Wall Held Through CLARITY Act’s Passage Quick Read XRP briefly rallied toward $1.50 after the CLARITY Act progressed, but strong selling pressure turned the level into a firm resistance…
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The CLARITY Act pushes the conversation around how digital assets should be classified in the United States — whether tokens fall under securities rules or commodity-style oversight.
60% confidenceMarket participants have treated the $1.50 area as a heavy supply zone for months, making it difficult for bullish momentum to sustain itself.
60% confidenceTechnical traders noted weakness on the daily chart after a bearish pennant structure reportedly broke lower earlier this month.
60% confidenceRegulatory optimism around the CLARITY Act supported market sentiment, but macro risk-off conditions and rising yields capped upside momentum.
60% confidenceXRP price swings remain heavily tied to headlines and broader market mood rather than strong standalone momentum.
60% confidenceXRP breaking above $1.50 and holding it remains the key trigger for any renewed bullish continuation.
60% confidenceXRP touched intraday highs near the $1.55 resistance, then slipped back toward the mid-$1.40 range as sellers stepped in.
60% confidence