Analyst Reveals Key Wall XRP Must Break to Hit $1.80
XRP has spent recent sessions testing traders’ patience on both sides. The asset dropped nearly 3% and is trading at $1.5205, a support level the market has defended repeatedly. Crypto analyst Diana highlighted the price action and laid out the levels now defining XRP’s near-term path.
Buyers Keep Defending $1.50
The $1.50 level has held through multiple selling waves. Diana noted that XRP “almost crashed at $1.50 and bounced,” with buyers continuing to step in at that zone. The chart shows a highlighted consolidation area where price repeatedly tested lower levels without breaking through.
Diana was clear about what a failure there would have meant, noting that the asset would have dropped to $1.44. That level sits at $1.4458, with additional support at $1.4986 and $1.5005 just above it. Those levels remain in play as long as $1.50 holds.
$1.61 Resistance Is Not Giving Way
Every push beyond $1.60 has failed. The chart marks $1.6104 as a firm horizontal resistance level, and price has rejected from that zone on multiple attempts. Diana suggests it is a wall that sellers keep defending.
The red consolidation box on the chart captures this range precisely. XRP has moved back and forth between $1.50 and $1.61 without a clean resolution in either direction. It briefly touched $1.68 during the late August surge but quickly retraced those gains. Above $1.61, the next notable levels sit at $1.7001 and $1.80.
RSI Shows Early Recovery Signs
Diana noted that the 1-hour RSI “is starting to turn up after dipping near oversold territory.” That signal suggests short-term selling momentum may be easing. The yellow moving average on the chart is declining near current price levels, reflecting the recent drop.
What the Range Means Now
Diana summarized the situation. She explained that XRP is “trapped between $1.50 support and $1.61 resistance.” The chart shows multiple ascending red trendlines projecting well above current price, alongside a steep blue trendline. Those projections become relevant only if price breaks out of the current range.
Until either $1.50 fails or $1.61 gives way, the range defines the trade. A break above $1.61 puts $1.70 in focus. A break below $1.50 opens the path toward $1.44.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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