XRP trades at $1.43 after 589 days since January 2025 peak, analyst warns of bearish cycle

589 and its place in XRP’s community narrative

Within the XRP community, the number 589 holds a unique status. Originating from an old narrative linking 589 to a speculative target price, the figure has become a symbol recognized widely by long-term XRP supporters. The latest reference marks 589 days since the asset’s major price peak, rather than as a target figure.

On social media, some users noted that the passing of Norway’s King Harald V, who reached the age of 89, occurred on the same day, drawing further attention to the number 589 within community circles. While these associations vary, Bird’s focus remains on 589 as a measure of time since the last significant market high, rather than as an indicator of future price potential.

Bird commented that 589 days have now gone by since the January 2025 price peak and added an element of caution, urging followers to “expect the unexpected.”

XRP price action and the $1.50 resistance

Technical data from Bird’s shared chart shows XRP oscillating between $1 and $1.50 for much of 2026. Following a rapid rally in late 2024, when XRP surged by over 500% to surpass $3, the token briefly achieved an all-time high of $3.65. However, the price subsequently entered a prolonged downtrend, with multiple rebound attempts failing to sustain momentum above key resistance levels.

Currently, the asset trades near $1.43 after a modest upward movement toward the upper boundary of the prevailing consolidation range. The $1.50 mark now functions as a near-term resistance. Breaking through could indicate the potential formation of a new trading band. Conversely, a continued rejection may reinforce the lower range between $1 and $1.50.

The outlook for XRP

Analysts consider XRP to be at an inflection point as it trades just below a key resistance area. Bird’s cycle-focused approach places the start of the ongoing decline at the January 2025 high, with the asset now consolidating after more than a year of downward movement.

A move above $1.50 would open the door for price targets drawn from previous highs. However, if XRP continues to trade below this level, technical signals suggest the current pattern of sideways movement will likely persist, with increased focus on the $1 support zone.

XRP’s price direction hinges on the reaction at $1.50. Sustained movement above that level could signal a range change, while staying below would extend the current phase of consolidation.