XRP's Rally Hits Major Resistance as Price Consolidates Near $1.50

XRP has staged a sharp recovery from the $1.00 area, breaking above its long-standing descending structures on both the USD and BTC charts.

The asset broke above its broad descending channel after finding support around $1.00 and reclaimed the 100-day and 200-day moving averages, located around $1.2 and $1.3, respectively.

The rally is now testing the critical $1.50 resistance zone, where the price has started to consolidate.

A daily breakout above $1.50 could open the door toward the $1.80-$1.90 area, but a rejection followed by a move below $1.30 would weaken the breakout structure and raise the risk of a deeper correction.