🔥 XRP REACHED US$ 1.50 AND NOW HAS A DECISIVE LEVEL AHEAD
📰 XRP gained momentum in the last few hours and returned to the US$ 1.50 region, recording an increase of about 7% for the day. The move was accompanied by a strong rise in volume and liquidations of short positions.
Beyond the price action, the ecosystem continues to receive updates. The XRPL entered the final phase of testing for a Permission Delegation upgrade, with activation expected in October if validator support is maintained.
🔹 📈 XRP: returned to the US$ 1.50–1.53 range, after a strong rebound.
🔹 🎯 Resistance: the US$ 1.60 region appears as one of the next major obstacles.
🔹 🚀 Breakout: a consistent move above this region could bring the US$ 1.65–1.70 range back on the radar—one that previously acted as resistance.
🔹 🏦 Ecosystem: Ripple continues expanding institutional infrastructure, including payments, custody, and XRPL usage in the financial market.
🔹 ⚠️ Attention: after a quick rally, XRP may see profit-taking. The US$ 1.38 region appears as a relevant technical support in the current move.
The interesting point now is that XRP is again testing a zone that could define the next move. If it manages to turn this resistance into support, the technical scenario changes quite a bit; if there is a rejection, a pullback before another attempt would also be normal.
👀 Do you think XRP can break above US$ 1.60 this time, or will it face yet another rejection?
#Ripple #xrp $XRP
📰 XRP gained momentum in the last few hours and returned to the US$ 1.50 region, recording an increase of about 7% for the day. The move was accompanied by a strong rise in volume and liquidations of short positions.
Beyond the price action, the ecosystem continues to receive updates. The XRPL entered the final phase of testing for a Permission Delegation upgrade, with activation expected in October if validator support is maintained.
🔹 📈 XRP: returned to the US$ 1.50–1.53 range, after a strong rebound.
🔹 🎯 Resistance: the US$ 1.60 region appears as one of the next major obstacles.
🔹 🚀 Breakout: a consistent move above this region could bring the US$ 1.65–1.70 range back on the radar—one that previously acted as resistance.
🔹 🏦 Ecosystem: Ripple continues expanding institutional infrastructure, including payments, custody, and XRPL usage in the financial market.
🔹 ⚠️ Attention: after a quick rally, XRP may see profit-taking. The US$ 1.38 region appears as a relevant technical support in the current move.
The interesting point now is that XRP is again testing a zone that could define the next move. If it manages to turn this resistance into support, the technical scenario changes quite a bit; if there is a rejection, a pullback before another attempt would also be normal.
👀 Do you think XRP can break above US$ 1.60 this time, or will it face yet another rejection?
#Ripple #xrp $XRP
