XRP is drawing significant attention from technical analysts as its price trades near a major resistance zone. At present, the digital asset is valued at approximately $1.49, confronting a level that has defined its range since August. This price action is under close watch due to its potential impact on the short-term trend for the coin.
Strong supply zones challenge upside
On the 4-hour chart provided by Bybit, two distinct red supply zones are visible above the current price range. The first of these is located between $1.55 and $1.70, while the second, more extensive resistance, sits from $1.83 to $1.95. These zones indicate areas where sellers have consistently stepped in, capping price rallies and triggering sharp rejections in previous sessions.
Beneath the current price, green-shaded demand zones exist between $1.25 and $1.35. The asset revisited these levels in mid-September before rebounding swiftly toward $1.49, marking a recovery that returned XRP to the lower edge of the key supply zone.
Market analyst Xaif (@Xaif_Crypto) described XRP as “knocking on the door of a major supply zone,” and noted that a decisive break above $1.55 would likely clear the path to $1.70.
The significance of the $1.55 level
Xaif, a cryptocurrency trader and commentator, emphasized the pivotal nature of the $1.55 mark. According to his analysis, a confirmed daily close above this threshold would turn former resistance into support, possibly opening the way for a move toward $1.70. The $1.70 boundary represents the upper line of the first red supply zone, serving as the next logical target for bullish momentum.
Mini dictionary: Supply zone, a price range in technical analysis where increased selling pressure historically causes resistance, making it difficult for the price to advance until it is surpassed by demand.
Consolidation defines price action since August
XRP’s chart reveals a sharp rally in August, when the price accelerated from lows near $0.98 to peaks just below $1.70. This surge halted just under the $1.70 mark, directly aligning with the previously mentioned supply zone. Since then, the cryptocurrency has fluctuated between support levels below and resistance bands above.
Following each interaction with the lower demand zones, XRP has managed to stage recoveries, with the latest rebound returning the coin to its current place in the mid-$1.40 range.
Each revisit to demand zones near $1.25–$1.35 generated renewed buying interest, but sellers have repeatedly blocked progress near the defined supply zones.
Key level to monitor
Technical traders continue to focus on the $1.55 threshold as the primary indicator for direction. A sustained close above this figure would reinforce the chances of a drive toward $1.70. The peak recorded in August near $1.68 adds further significance to this resistance band. Until a clean breakout occurs, market participants are likely to treat $1.55 as the most important number on the XRP chart.
| Zone Type | Price Range | Role |
|---|---|---|
| First supply zone | $1.55 – $1.70 | Primary resistance |
| Second supply zone | $1.83 – $1.95 | Secondary resistance |
| Demand zone | $1.25 – $1.35 | Major support |
XRP remains in a tightly defined technical setup, with price action between these zones providing clear structure for traders at this stage of the chart.
