XRP is back near $1.55… and this level could decide the next move.📈❕
After dropping toward $1.39 on September 20, $XRP managed to recover strongly. Buyers reclaimed $1.40, pushed through the recovery, and eventually brought price back toward the $1.55 resistance zone.
Now the interesting part begins. 👀
XRP briefly pulled back around $1.52 but quickly recovered, showing that buyers are still defending the higher-low structure. If this pattern continues, another attack on $1.55 could be coming soon.
A clean breakout above $1.55, followed by strong holding, could open the door for another leg higher. But bulls need more than just a quick wick above resistance — they need to turn $1.55 into support.
There is one thing traders should watch closely: exchange supply.
Binance-held XRP has been rising, reaching around 2.68B XRP compared with roughly 2.55B during the previous summer decline. At first glance, rising exchange supply can look bearish because more coins are available to trade.
But the flow data tells a more complicated story.
XRP deposits have been extremely active, while withdrawals have also been strong. Net flows have recently turned negative, suggesting traders are moving positions around rather than aggressively loading XRP onto exchanges.
So for me, the key question is simple: can buyers absorb this heavy two-way activity?
If BTC remains supportive and XRP finally breaks $1.55 with volume, the recovery could accelerate toward higher levels.
But if $1.55 keeps rejecting price, expect another pullback before the next serious breakout attempt. 🔥
After dropping toward $1.39 on September 20, $XRP managed to recover strongly. Buyers reclaimed $1.40, pushed through the recovery, and eventually brought price back toward the $1.55 resistance zone.
Now the interesting part begins. 👀
XRP briefly pulled back around $1.52 but quickly recovered, showing that buyers are still defending the higher-low structure. If this pattern continues, another attack on $1.55 could be coming soon.
A clean breakout above $1.55, followed by strong holding, could open the door for another leg higher. But bulls need more than just a quick wick above resistance — they need to turn $1.55 into support.
There is one thing traders should watch closely: exchange supply.
Binance-held XRP has been rising, reaching around 2.68B XRP compared with roughly 2.55B during the previous summer decline. At first glance, rising exchange supply can look bearish because more coins are available to trade.
But the flow data tells a more complicated story.
XRP deposits have been extremely active, while withdrawals have also been strong. Net flows have recently turned negative, suggesting traders are moving positions around rather than aggressively loading XRP onto exchanges.
So for me, the key question is simple: can buyers absorb this heavy two-way activity?
If BTC remains supportive and XRP finally breaks $1.55 with volume, the recovery could accelerate toward higher levels.
But if $1.55 keeps rejecting price, expect another pullback before the next serious breakout attempt. 🔥
