XRP, the native token of the Ripple payment network, climbed 9% in the last 24 hours and is now trading at $1.44. The session opened at $1.3506, reached as high as $1.4779, and positioned XRP against a major resistance area being watched by market participants.
Key resistance and support levels
Crypto investor and data analyst CW, known for technical analysis in digital assets, shared a TradingView chart highlighting XRP’s approach to a notable “sell wall.” Order block (OB) indicators on the chart pinpoint three sell-side order blocks above the current price and two buy-side order blocks below. These order blocks signal regions of concentrated buying or selling interest, often marking important support or resistance zones for traders and investors.
The sell-side order block immediately above XRP’s current level sits around $1.47 to $1.55, with a volume of 107.69 million and a strength of 0.68x. This area represents the resistance now under pressure following XRP’s recent rally. Should XRP fail to clear this wall, it risks another move downward.
| Order Block Type | Price Range | Volume (million) | Strength |
|---|---|---|---|
| Sell OB | $1.47 – $1.55 | 107.69 | 0.68x |
| Sell OB | $2.20 | 114.94 | 0.73x |
| Buy OB | $1.00 | 41.54 | 0.26x |
| Buy OB | $0.52 | 19.32 | – |
| Buy OB | $0.43 | 50.71 | – |
Below the current price, the nearest buy-side order block is set around $1.00, supporting 41.54 million in trading volume and a strength reading of 0.26x. This level has demonstrated notable durability, holding steady for several months despite earlier predictions of a potential drop towards $0.65. Two more buy-side order blocks can be found at $0.52 and $0.43, but XRP has not revisited these since 2024.
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AAPLMini dictionary: Order block (OB) — A technical analysis concept identifying zones of previous strong buying or selling, often used by traders to spot probable support or resistance on candlestick charts.
XRP is moving into a densely traded resistance area, testing a sell wall that has previously halted upward momentum. A successful breakout could shift sentiment and signal the next stage of the rally. If a breakthrough occurs, there is no significant resistance until approximately $2.20.
Potential upside if resistance breaks
CW noted that surpassing the present resistance zone could open the path for XRP to rally further, with minimal obstacles between $1.55 and $2.20. The next major sell-side order block sits at $2.20, carrying a volume of 114.94 million and a strength of 0.73x. Two subsequent sell OBs are positioned at $3.10 and $3.60, holding volumes of 74.19 million and 88.88 million. This gap highlights the significance of the current battle at resistance: a clean move above would provide XRP with ample room to rally before meeting the next major selling interest.
If XRP manages to move above the current resistance, technical indicators suggest a largely open road until the $2.20 level due to the absence of substantial order block resistance within that range.
Short-term market dynamics
XRP dropped below $1 during late July and early August, but staged a strong comeback starting mid-August, gaining around 50% in just 65 hours. The current move is backed by elevated trading volumes, with the largest single-day green volume bar of the year recorded as this uptrend began.
The asset now stands at a decisive junction. If bulls succeed in pushing beyond the sell-side order block at $1.47 to $1.55, the probability of testing higher targets rises significantly. In contrast, a rejection at this level could bring a retracement toward previously identified support.
