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XRP continued trading just below the critical $1.50 resistance level as investors positioned for a potential breakout driven by rising ETF inflows, growing derivatives activity, and renewed optimism surrounding U.S. crypto regulation. The token gained attention after the Senate Banking Committee scheduled discussions for the CLARITY Act on May 14, a bill that could further strengthen XRP’s status as a commodity in the United States.
During the latest 24-hour trading session, XRP moved from $1.4468 to $1.462 before entering a consolidation phase beneath key resistance. The strongest rally occurred during the May 14 18:00 UTC session, when trading volume surged to 291.5 million XRP and pushed the asset to an intraday high of $1.5417. Profit-taking later emerged near the highs, causing XRP to retreat toward the $1.46 support area.
Market sentiment remains constructive despite the pullback. XRP exchange-traded products attracted $40 million in inflows during the week ending May 8, bringing total year-to-date inflows to $191 million. Ripple-related investment products also experienced elevated activity after XRP ETFs posted their strongest single-day inflow performance since January earlier this week.
From a technical perspective, XRP continues forming higher lows beneath the long-standing $1.50 resistance zone that has limited upside moves since February. Analysts often view repeated resistance tests as a sign that selling pressure may be weakening over time. Meanwhile, Binance open interest climbed to its highest level in weeks, indicating traders are increasing exposure ahead of possible regulatory developments.
Traders are closely watching the $1.50 level for confirmation of a breakout. A decisive move above that zone could open the door toward $1.60 and potentially $1.80. On the downside, $1.46 remains the immediate support level as market participants await further developments tied to the CLARITY Act and broader crypto market momentum.
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