XRP, the digital asset developed by Ripple Labs, surged to $1.62 before encountering strong selling pressure that pushed its price back to $1.54. The recent movement brings attention to a key supply area just above current levels, as market watchers assess where XRP could head next.
XRP meets resistance after brief rally
According to cryptocurrency analyst Xaif Crypto, XRP tapped $1.62 but quickly retreated to $1.54, signaling that sellers were active at higher prices. The analyst noted that the $1.70–$1.80 range now represents a critical liquidity zone that could influence the next stage of price action for XRP.
“Price just tapped $1.62 and pulled back to $1.54, sitting right below a huge supply zone stretching to $1.70–$1.80. Eyes on this zone,” Xaif Crypto stated on X.
At $1.62, sellers stepped in and reversed XRP’s upward move, keeping the token below a significant supply zone between $1.70 and $1.80.
A supply zone is an area where large sell orders could potentially limit price growth. If XRP continues to face resistance here, upward momentum may stall unless increased buying volume emerges. XRP’s recent pullback has yet to invalidate its broader bullish outlook, provided it finds reliable support in the current area.
Mini dictionary: Ripple Labs is a US-based technology company that develops payment protocols and operates the XRP Ledger, an open-source blockchain focused on fast and low-cost cross-border transactions.
Key levels: $1.62, $1.70, and $1.80
To test higher prices, XRP needs to reclaim the $1.62 mark. If buyers regain control and drive the price past this threshold, attention will likely shift to the supply zone engulfing $1.70 to $1.80. Market participants are watching closely to see whether increased volume will support a renewed move upwards.
Xaif Crypto highlighted the importance of this range, stating that XRP is “knocking on the door of massive liquidity.” A break above $1.70–$1.80 could pave the way for a test of $2.00, which marks the next major psychological level for traders.
| Level | Role |
|---|---|
| $1.54 | Current support |
| $1.62 | Nearest resistance |
| $1.70–$1.80 | Supply/liquidity zone |
| $2.00 | Next bullish target |
Momentum and trader focus
Sustained buying pressure remains essential for XRP to overcome the $1.70–$1.80 region. Analysts suggest monitoring not only price action but also trading volume, open interest, and funding rates as indicators of renewed momentum.
If buyers can defend the $1.54 area and strategize another approach to $1.62, XRP may challenge the supply zone once again. However, insufficient buying interest or continued low volumes could prevent the asset from advancing beyond key resistance.
Xaif Crypto continues to concentrate on this liquidity-rich zone as a deciding factor for XRP’s next potential breakout.
