Peter Smith
XRP has been trading in a tight range lately, catching its breath after some wild price swings in recent weeks. Right now, the token is hovering near $1.41, and market watchers are laser-focused on one key level - $1.50. If Ripple's native token can push through that barrier, we might see a significant breakout. But if it fails again, we could be stuck in this range for a while longer.
XRP Holds Ground Above $1.40 Support
XRP/USD has found its footing in the $1.40-$1.42 zone after recent turbulence, managing to stay above the lows from its last pullback. The 4-hour chart shows the price attempting a modest recovery, though it's already knocked on the $1.50 door a few times without getting through.
The current setup shows XRP trapped between $1.35 support below and $1.50 resistance above - a range where sellers have consistently shown up to defend the top. Since early February's choppy action, the token has been printing higher lows on shorter timeframes, which suggests buying pressure might be building beneath that stubborn resistance.
$1.50 Breakout Could Trigger Rally
What makes $1.50 so important? It's not just a round number - it's a structural pivot where previous rallies ran out of steam. If XRP can punch through with real conviction, it would flip the short-term structure bullish and potentially open the door to higher targets.
The recent push toward $1.45-$1.48 marks the second serious attempt at cracking this resistance within the current consolidation. Breaking above would likely encounter additional supply near previous range highs, but clearing $1.50 remains the critical first step. Until then, expect more sideways grinding within this established range.
What's Next for XRP Price?
The earlier price action tells the story - sharp spikes followed by quick drops reflect the heightened volatility we've seen across the broader altcoin market. A successful XRP Price Prediction: Bullish Structure Holds as Analyst Sees One More Leg Up scenario would require momentum to accompany any breakout.
For now, how XRP behaves at $1.50 will determine whether we see renewed upside momentum or another rejection that keeps the price locked in its current box. Check out this XRP Price Analysis: Is an Explosive Breakout Ahead? for additional technical perspectives.
However, traders should also be aware of bearish scenarios outlined in XRP Price Analysis: Bearish Channel Threatens 40% Drop From Current Levels as risk management remains crucial in this volatile environment.
Peter Smith
