XRP Price Consolidates Under $1.5 — What Could Drive the Next Move to $2?
The post XRP Price Consolidates Under $1.5 — What Could Drive the Next Move to $2? appeared first on Coinpedia Fintech News
XRP price is facing renewed selling pressure after a brief recovery attempt toward $1.45, with the price slipping back below $1.40 as broader crypto markets weaken. The pullback follows mild declines in major assets like Bitcoin and Ethereum, which have slightly cooled the recent market momentum.
From a broader perspective, XRP has repeatedly failed to sustain moves above $1.48, keeping the critical $1.50 resistance level out of reach. With the token now trading below $1.40, the key question is whether XRP will continue consolidating under $1.45 or gather enough strength to challenge the $1.50 barrier in the coming sessions.
As seen in the chart, XRP continues to trade below the local resistance at $1.48, which has emerged as a key barrier for the bulls. The price is currently consolidating near $1.41 while the broader trend remains confined within a descending parallel channel, indicating that the overall market structure is still bearish.
Within this structure, the $1.33 level acts as immediate support. A breakdown below this zone could accelerate the downside move, potentially dragging the price toward the lower boundary of the channel near $1.20–$1.15.
From a momentum perspective, the Relative Strength Index (RSI) is gradually forming higher highs and higher lows, suggesting that buying pressure is slowly building. However, this momentum has not yet translated into a decisive price breakout. At the same time, the Accumulation/Distribution indicator continues to trend downward, signaling that capital inflows remain weak and that distribution pressure is still dominating the market.
For now, XRP remains at a critical technical junction.
- A break and close above $1.48 could invalidate the short-term resistance and push the price toward $1.60, followed by $1.75 near the mid-channel resistance.
- However, if the price loses the $1.33 support, XRP may extend the correction toward $1.20, with deeper support resting around $1.10–$1.05 near the lower trendline of the channel.
Until either level is decisively broken, XRP is likely to continue consolidating within the descending channel structure.
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