- XRP traders target a breakout move toward the $1.80 level
- Key support between $1.42 and $1.43 remains crucial
- Senate CLARITY Act review could impact XRP momentum
XRP price remained under pressure on Tuesday, trading near $1.44 after slipping 2.41% over the past 24 hours. Despite the pullback, analysts believe XRP still holds a bullish setup if buyers defend the key $1.42 to $1.43 support region. Traders are now closely monitoring whether the token can reclaim nearby resistance and trigger a stronger move toward the widely discussed $1.80 target.
XRP has also been influenced by upcoming regulatory developments in the United States. The Senate Banking Committee is expected to review the CLARITY Act on May 14, an event many investors see as important for the broader crypto sector.
XRP Price Faces Resistance Near $1.50 Ahead of Key Vote
According to crypto analyst The Cryptomist, XRP could enter a strong long setup if it breaks above current resistance levels on the daily timeframe. The analyst identified $1.80 as the next major upside region if momentum strengthens.
At the moment, XRP remains roughly 3% below its weekly opening price and nearly 4% below its recent monthly high of $1.51. This indicates that sellers continue defending the upper resistance area aggressively.
Technical data shows XRP repeatedly struggling around the $1.47 to $1.50 zone. However, buyers have also managed to protect lower support levels during recent declines. This tightening range suggests a decisive move may be approaching soon.
XRP Support Zone Remains Critical for Bullish Momentum
The most important short-term support for XRP sits between $1.42 and $1.43. Analysts describe this area as a confluence zone tied to the 78.6% Fibonacci retracement and previous swing lows.
If XRP continues holding above this range, traders expect another attempt toward the $1.50 resistance level. A successful breakout could increase bullish momentum and potentially open the path toward $1.80.
On the downside, losing the $1.42 support may weaken the current structure significantly. In that case, XRP could revisit deeper support near the $1.30 region.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
