XRP Tests $1.50 Resistance Again: Will XRP Break Out or Fake Out This Time?

"The central bank held rates at 3.50%-3.75%, raised the 2026 inflation forecast from 2.4% to 2.7%, and projected only one rate cut for the year. Bitcoin also dropped from $74,000 to $70,000 following the news. The XRP price fell 5.3% to $1.46 in a single session, then slipped lower through the week. By the following week, XRP was back at $1.40, down 13% in seven days."

"On May 9, the three biggest US banking trade groups formally rejected the Tillis-Alsobrooks stablecoin compromise embedded in the bill. Tim Scott has held the May 14 date, but the markup faces serious opposition. Even so, the bigger picture is what matters here. Each catalyst alone wouldn't move XRP, but the regulatory milestone, institutional pilot, and BTC strength are clustering at the same time-and that's one of the cleanest setup XRP has had during this consolidation."

"Moreover, 84% of XRP ETF flows are retail, not institutional. The big allocators that the commodity classification was supposed to bring in are still waiting on the CLARITY Act. The bill's markup is scheduled, but clearing it isn't guaranteed. The banking lobby rejection means Republican members face direct pressure to delay or amend the bill. So, if the committee can't unify on the Tillis-Alsobrooks compromise, the bill will miss the May 21 Memorial Day recess deadline."

"The verdict hinges on the May 14 markup. If the Senate Banking Committee passes the CLARITY Act markup, XRP would have a clear path to close above $1.50 on the weekly chart. The cup-and-handle pattern targets $1.65-$1."

XRP has repeatedly failed to sustain moves near $1.50, falling after central bank rate decisions and a drop in Bitcoin from $74,000 to $70,000. After a 5.3% decline to about $1.46 in one session, XRP slid further and reached around $1.40, down 13% over seven days. A potential change comes from multiple catalysts aligning, including a May 14 CLARITY Act markup and improving Bitcoin strength. However, major US banking trade groups rejected the Tillis-Alsobrooks stablecoin compromise, creating pressure for delays or amendments. With 84% of XRP ETF flows coming from retail, institutional demand may not arrive until the bill clears. If the committee cannot unify, the bill may miss a May 21 recess deadline, delaying further. A successful markup could support a move toward $1.65-$1. targets.

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