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XRP nears $1.50 resistance amid whale selling and growing institutional interest.

Market News
16 May 2026
Tokenpost
View Source
Neutral
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XRP is trading just below the key $1.50 resistance level, facing pressure from large holders selling while institutional interest and clearer U.S. regulations support the token. Recent U.S. legislative progress and a 2025 court ruling have reduced legal uncertainty, attracting institutional investors like Goldman Sachs and boosting XRP spot ETF inflows. However, top wallets controlling 41% of supply have sold significant amounts recently, limiting price gains. A confirmed breakout above $1.50 could trigger a technical rally toward $1.70, but profit-taking risks remain high near resistance. XRP's longer-term value is linked to its utility in cross-border payments, with market watchers watching for a decisive move above $1.50 as a sign of institutional dominance.

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