XRP Price Breakout Sparks $1.50 Hopes, Yet $1 Risk Has Not Disappeared

2 hours ago 10

TLDR

  • XRP price surged about 16% in 24 hours, recovering to around $1.15 after falling near $0.98 last week.
  • XRP broke above a descending trendline that had capped gains since July 2025.
  • The token closed above its daily 50 EMA for the first time in more than three months.
  • Traders are watching whether XRP can hold the 1.10-1.15 zone and extend the recovery toward $1.50.
  • XRP remains down about 15.35% over the past 90 days, keeping the broader recovery under pressure.
  • Bitcoin trading above $72,500 is providing additional support to XRP and the wider crypto market.

XRP price climbed about 16% over the past day, reaching around $1.15 after briefly dropping below $1 last week. The rebound pushed the token above a descending trendline that had limited price gains since July 2025.

The move has drawn attention because XRP spent more than a year trading below that resistance line. Traders are now watching whether the latest breakout can hold and support a wider recovery.

XRP Price Breaks Long-Term Resistance

Market watcher Bird said XRP had broken above the bear market trendline that had been in place since July 2025. The weekly chart shows the resistance line starting near the 2025 peak and extending through the token’s decline in 2026.

XRP recently fell to about $0.98 before reversing higher. The recovery carried the price above the trendline, placing the $1.10 to $1.15 area at the center of the next market test.

Technical analyst ChartNerd reported that XRP closed a daily candle at $1.10. That marked the token’s first daily close above the 50-day exponential moving average in more than three months.

The 50 EMA had acted as resistance during XRP’s decline. A sustained move above the indicator could keep short-term momentum with buyers, while a drop below it could weaken the breakout setup.

Analysts Track $1.50 and $1 Levels

ChartNerd asked whether XRP price could reach $1.50 before revisiting $1.00. The question reflects the sharp shift in price action after the token recovered from last week’s low.

Michael XBT also maintained a bullish view and pointed to a large multi-year pennant on XRP’s chart. He said the structure could support a stronger move if price continues above the recent breakout zone.

XRP remains about 15.35% lower over the past 90 days, despite the latest rally. That keeps the broader trend under review as traders wait for more proof that selling pressure has eased.

Bitcoin’s price move above $72,500 has also supported the wider crypto market. If Bitcoin stays firm, XRP price could benefit from stronger market demand. A failed hold above the broken trendline, however, could bring the $1 level back into focus.

The post XRP Price Breakout Sparks $1.50 Hopes, Yet $1 Risk Has Not Disappeared appeared first on Blockonomi.

Read Entire Article