XRP’s Critical $1.50 Support test
XRP is at a pivotal moment, testing teh $1.50 mark. This level has shifted from a major resistance to a key support since late last year. Staying above $1.50 could signal continued bullish momentum.
Since May 2022,$1.50 was a tough barrier for XRP. It took over a year to break through. Once it did, the door opened for further gains. The recent retest at $1.50 resulted in a strong bounce, showing market confidence in this support.
The next few weeks will reveal if XRP can hold above $1.50. A drop below this level could signal a shift in sentiment and a possible correction.
- $1.50 was resistance since May 2022, now a key support.
- Confluence support zone at $1.50 reinforces its strength.
- Volume is crucial; a spike could signal renewed bullish momentum.
Consolidation above $1.50 could set the stage for a rally towards $1.70–$1.80. However, a breakdown below $1.50 would challenge the uptrend. In that case, $1.40 may become the next support.
Volume is the key. A meaningful increase would signal readiness for the next leg higher. Traders should monitor this closely.
For more insights, check the XRPUSDT (1W) Chart.
