XRP's Rally Hits Roadblock at $1.50

XRP has experienced a remarkable recovery after hitting a low of $1.25 last week.

Buyers took advantage of the weakness and swept liquidity from earlier price action, pushing XRP higher at a much faster pace than during the consolidation that came before the rally.

The token has now reached its first major resistance at $1.49, but there is still room for growth if buyers can break through the $1.45-$1.50 zone, where strong selling previously entered the market and stopped the price from moving higher.

A rejection from this area could send XRP back toward lower support levels, including a potential pullback to the $1.36-$1.39 Fair Value Gap below the order block.