XRP faced renewed selling pressure in recent trading, falling nearly 3% to $1.5205. The digital asset continues to test the patience of traders as it oscillates between key support and resistance levels that have defined its recent price action.
Key buyers defend $1.50 zone
The $1.50 area has emerged as a crucial support, with buyers continuously stepping in to defend this threshold. Crypto analyst Diana (@InvestWithD) pointed out that XRP “almost crashed at $1.50 and bounced,” indicating persistent demand at this level. According to her analysis, had XRP lost the $1.50 mark, the next downside target would have been $1.4458, with interim supports at $1.4986 and $1.5005.
Diana’s chart highlights a consolidation range where the asset repeatedly tested the lower boundaries without a clear break. She views continued defense of $1.50 as pivotal for maintaining the current structure.
XRP traders are watching the $1.50 and $1.61 levels closely. The asset has bounced from $1.50 multiple times, and every rejection from $1.61 sent price back to the support floor. A failure at $1.50 would have pushed the market to $1.44, while a breakout above $1.61 could shift momentum rapidly.
$1.61 resistance caps the upside
While $1.50 remains solid, any move above $1.60 has failed to gain traction. Chart data identifies $1.6104 as a firm horizontal resistance level. Sellers continue to defend this area, with price facing repeated rejection each time it approaches the zone. The range between $1.50 and $1.61 has thus set the boundaries for XRP’s current trading range.
During late August, XRP briefly surged to $1.68 amid heightened market momentum but swiftly retreated back into its established range. Should the $1.61 resistance finally give way, technical projections mark $1.7001 and $1.80 as the next potential targets on the upside.
Early signs of RSI recovery
Diana observed that the 1-hour relative strength index (RSI) for XRP is starting to show recovery after approaching oversold territory. The yellow moving average on her chart also trends lower, reflecting recent downward price action. However, the uptick in RSI may suggest that short-term selling pressure is beginning to ease.
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XRP trapped in a tightening range
Diana summarized the outlook by stating XRP is “trapped between $1.50 support and $1.61 resistance.” Chart analysis reveals multiple ascending red trendlines projecting above the current market price, with a steep blue trendline adding further technical dimension. These projections only become actionable if price makes a decisive move outside the established range.
Until XRP either breaks below $1.50 or above $1.61, analysts suggest the trading range will continue to dictate direction and sentiment. A breakout above $1.61 could quickly refocus traders toward $1.70, while a breakdown would open the path to $1.44.
