Crypto analyst Ash Crypto shared an updated weekly chart of XRP, highlighting a persistent multi-month resistance zone between $1.50 and $1.60. The analysis shows that XRP has remained constrained below this threshold for several months, suggesting that sentiment hinges on whether the asset can break through this level. Ash Crypto maintains that surpassing the resistance would likely allow XRP to advance toward the $2 mark with relative ease.
XRP price compression and historical peaks
XRP previously climbed above $2 in early 2026, followed by a sharp decline that lasted through the first quarter. During this period, the asset’s price bottomed out near $1 in August before mounting a strong recovery rally toward the established resistance zone.
Despite renewed momentum, multiple attempts to move beyond $1.50 to $1.60 have failed, with each rejection contributing to a notable decrease in price. As of now, XRP trades around $1.32, still below the critical area highlighted by technical analysts.
Ash Crypto observed that once XRP breaks above this long-standing resistance, a move up to $2 could follow quickly. He added that the asset has been pinned beneath this level for months, reinforcing the significance of a decisive breakout.
Technical patterns and ongoing accumulation
On the weekly chart, three cup-shaped formations reflect extended periods of accumulation followed by upward surges. The most recent pattern is unfolding at current prices near $1.32, and the consistent pressure just below the $1.50 to $1.60 range signals buyers have not relinquished control.
With each new approach to the resistance, underlying demand appears steady, illustrated by repeated tests over an extended timeframe. Technical consensus suggests that a confirmed weekly close above $1.60 would remove the principal barrier to a potential rally towards $2. Analysts note that a similar attempt in September briefly pushed XRP past resistance, but the price failed to sustain its gains at higher levels.
Community members debated the criteria for a valid breakout, with some requesting clarification on whether a daily close or consecutive closes above resistance would suffice for confirmation.
Community outlook and market dynamics
The post generated a broad range of reactions within the community. While some participants echoed the bullish expectation for a swift move to $2 following a breakout, others remained unconvinced. One user remarked that XRP’s underperformance extended over several years, noting increased reports of investors reducing their positions.
Other contributors focused on the technical setup itself and agreed that breaking above the resistance would likely be the catalyst for a significant advance. These differing perspectives underscore the importance of monitoring closing levels and market momentum in the coming weeks.
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Key level to watch
Currently, the $1.50 to $1.60 range remains the focal point for traders. With XRP trading at $1.3212, market watchers view a sustained break above this resistance as the pivotal event that could unlock the next major upward move for the asset.
