XRP Price Prediction: Consolidation Builds Below 1.49 Resistance as Open Interest Stabilizes at $3 Billion
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XRP remains above key EMAs but has stalled near $1.49 resistance as bullish momentum cools and buyers struggle to push price higher. Open interest has stabilized around $3.01B as leverage declines and traders turn cautious, while Ripple’s $200M facility for its prime brokerage boosts institutional liquidity and adoption prospects, supporting potential upside for the crypto.
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- XRP stays above key EMAs but struggles near $1.49 resistance as momentum fades.
- Open interest stabilizes near $3.01B as leverage declines and traders turn cautious.
- Ripple’s $200M facility boosts institutional liquidity and expansion confidence.
XRP traded near a critical technical zone as traders weighed fading bullish momentum against improving institutional developments surrounding Ripple’s expanding prime brokerage business. Although the token maintained its broader uptrend above key moving averages, price action slowed beneath major resistance after an aggressive rally from late-April lows.
XRP Momentum Slows Below Key Resistance
The four-hour XRP/USD chart still reflected a bullish market structure despite recent cooling momentum. XRP climbed from the $1.38 region toward $1.49 during the latest impulse wave. However, buyers struggled to sustain streng…
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